Ahead of Market: 10 things that will decide D-Street action on Monday
The benchmark BSE Sensex added 557.45 points, or 0.73%, to close at 76,905.51, while the broader Nifty 50 index closed at 23,350.40, higher by 159.75 points, or 0.69%.
Here's how analysts read the market pulse:
The domestic market concluded the week with consistent recovery, said Vinod Nair, Head of Research at Geojit Financial Services, adding that the anticipated reduction in risk-free rates, coupled with the correction in the dollar index, is facilitating fund flows back to emerging markets (EMs).
“FIIs, whose selling activity has been waning, are becoming net buyers, driven by dovish signals from the U.S. Fed, which suggest the possibility of two rate cuts this year,” added Nair.
“This has reignited optimism in the domestic market. Despite global uncertainty from escalating trade tensions, improving domestic macroeconomic indicators, valuation corrections, and anticipated earnings growth are encouraging investors to seek bargains,” Nair explained.
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US Markets:
The S&P 500 and Dow Jones Industrial Average managed to notch modest gains on Friday, bouncing back from earlier losses after comments from U.S. President Donald Trump eased concerns over upcoming tariffs set to take effect in early April. His remarks sparked optimism that the impact may be less severe than initially feared.
The Dow rose 32.03 points, or 0.08%, to close at 41,985.35, while the S&P 500 added 4.67 points, also up 0.08%, finishing at 5,667.56. The Nasdaq Composite outperformed, climbing 92.43 points, or 0.52%, to end the