Stock market records biggest weekly gain in 5 years. With a short week ahead, investors brace for possible volatility; what’s next?
Nifty is set for its first weekly gain in 2 months, but faces key resistance near 24,000. Will the rally continue or fade amid IT stock moves and global market cues?
Indian stock markets opened sharply lower on Monday, with the Sensex plunging over 1,000 points and the Nifty slipping below 22,550 in the pre-opening session. Weak global cues and investor caution triggered heavy selling.
Indian stock markets opened higher on Wednesday, with Sensex rising over 400 points and Nifty crossing 23,700, tracking positive global cues. Investors remain focused on the US Federal Reserve’s interest rate decision due later today.
On the Nifty 50, State Bank of India, Shriram Finance, Tata Steel, Tata Motors Passenger Vehicles, and Hindalco Industries emerged as the top gainers.
Across the country, there is once again a significant change being observed in the prices of gold and silver. While gold prices had been declining over the past few days, they have now started to pick up pace again.
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