Indian Share Market Today Updates: Indian domestic stock markets opened brilliantly on Friday with a green mark. Bombay Stock Exchange’s 30-share key index Sensex opened at a high of 74629 with a strong gain of 269 points. At the same time, the Nifty index of 50 shares of the National Stock Exchange was also successful in opening at the level of 23478 with a gain of 62 points.
Before this positive start, on Thursday also the Indian stock market had ended the day’s volatile session in the green. In the last session, Sensex closed at 74360 with a gain of 13 points and Nifty closed at 23416 with a slight gain of 10 points. Today, this strong start of the Indian market has given a big and good relief to the investors around the world despite the overseas fall.
Waiting for RBI’s big decision
The eyes of all the big investors and analysts of the market are now directly focused on the important monetary policy of the Reserve Bank of India. It is expected that there will be no change in the repo rate from this important meeting of the Monetary Policy Committee chaired by RBI Governor Sanjay Malhotra. The direct impact of this big and important decision will strongly determine the future direction of the market.
In contrast to the strong start of the Indian market, today the Asian stock markets have witnessed a sharp and heavy decline. Japan’s Nikkei 225 index fell 1.82 percent, while the Topix also fell 0.07 percent. There was a huge uproar in the South Korean market, where the Kospi index fell by 6.25 percent and the Kosdaq fell by 2.41 percent.
American stock market trend
On the other hand, US stock markets closed with mixed signals on Thursday night, where Dow Jones touched a new record high. The Dow Jones Industrial Average jumped 874.86 points to a historic high of 51561.93. The S&P 500 index also rose 30.63 points to 7584.31, although the Nasdaq Composite fell marginally by 23.02 points.
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Early signals of GIFT Nifty
Just before the opening of the Indian stock market, GIFT Nifty was trading very cautiously around the important level of 23495. This represents a small discount of about 17 points from the previous closing price of Nifty futures, which indicated a dull start for the market. Despite this, Indian markets completely ignored these weak foreign signals and gained.
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