Indian benchmark indices, BSE Sensex and Nifty 50 rose at the opening bell on Friday, reflecting positive momentum in global markets.
Indian benchmark indices, BSE Sensex and Nifty 50 rose at the opening bell on Friday, reflecting positive momentum in global markets.
In early trade, the BSE Sensex was up 169 points or 0.22% at 77,325, while the Nifty 50 was up 40 points or 0.17% at 23,390.
Markets are likely to react to the preliminary release of manufacturing and services PMIs for November in the US, Europe and India today. In the near term, we expect the market to remain volatile due to global geo-political concerns, continued FII selling and uncertainty around the results of state assembly elections in Maharashtra and Jharkhand, said Siddharth Khemka. Oswal
Global signals
Markets in the Asia-Pacific region were mostly higher on Friday, tracking gains on Wall Street.
Japan’s Nikkei 225 rose 0.78 percent while the broad-based Topix added 0.53 percent.
Elsewhere, Australia’s S&P/ASX 200 was up 0.92 percent and South Korea’s Kospi was up 1.12 percent while the small-cap KOSDAQ advanced 0.81 percent.
Hong Kong’s Hang Seng index was trading up 0.35 percent, while mainland China’s CSI 300 was almost flat with a gain of 0.02 percent. The Shanghai Composite was 0.16 percent lower.
Apart from that, an index of global stock markets edged higher in erratic trading on Thursday as investors digested earnings forecasts from artificial-intelligence chipmaker Nvidia and bitcoin hitting the $100,000 milestone.
On Wall Street, three major indexes were higher in a choppy session following gains in Utilities, Financials, Consumer Staples and Industrials. The Dow Jones Industrial Average was up 1.06 percent at 43,870.35, the S&P 500 was up 0.53 percent at 5,948.71 and the Nasdaq Composite was up 0.03 percent at 18,972.42.