Indian stock market: 10 key things that changed for market over weekend - Gift Nifty, US GDP, inflation to China’s PMI
Read here: Week Ahead: RBI Policy, auto sales, Q4 updates, global cues among key market triggers in first week of FY25 On Thursday, the Indian stock market indices ended sharply higher amid positive global cues, ending the financial year 2024 with robust gains. The Sensex spiked 655.04 points, or 0.90%, to close at 73,651.35, while the Nifty 50 settled 203.25 points, or 0.92%, higher at 22,326.90. The benchmark equity indices wrapped up the financial year 2023-2024 with notable gains as the Nifty 50 soared by 29%, while the Sensex jumped 25% during FY24.
Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — 1st April Stock markets were shut on March 29 on account of the Good Friday holiday. “We expect the market to continue its positive momentum with a focus on large-cap. With the start of the election in April, we believe government-centric stocks to be in focus.
Auto stocks are likely to be in the limelight this week amid the release of monthly auto sales numbers," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Here are key domestic and global market cues for Sensex today: Asian markets traded higher on Monday as investors assessed key economic data from China and Japan. Japan’s Nikkei 225 gained 0.41%, while the Topix declined 0.28%.
South Korea’s Kospi rose 0.36%, and the Kosdaq added 0.63%. Hong Kong markets are shut for Easter Monday. Read here: Asian Stocks Gain as Data Reinforce Fed Rate Path: Markets Wrap Gift Nifty was trading around the 22,540 level, a premium of nearly 50 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.
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