Market Trends: NSE, Sensex, BSE and Nifty 50 Dynamics
Most markets in the Asia-Pacific region were trading higher as of recent updates, buoyed by previous gains driven by US Federal Reserve Chair Jerome Powell's comments suggesting potential monetary easing. The KOSPI rose by 3.12 points or 0.12%, while the S&P ASX 200 gained 34.10 points or 0.42%. Following Powell's suggestions of interest rate cuts, the S&P 500 increased by 1.15%, and the Nasdaq Composite gained 1.47%.
Within the Indian context, the NSE Nifty 50 finished up by 11.65 points or 0.05% at 24,823.15, and the Sensex rose 33.02 points or 0.04% to 81,086.21, marking two consecutive weeks of upward momentum. Moreover, foreign portfolio investors have consistently purchased equities, investing over Rs 1,944.5 crore recently.
Key Market Highlights:
- NSE Nifty 50: Ended at 24,823.15
- BSE Sensex: Closed at 81,086.21
- Rupee: Strengthened to 83.90 against the US dollar
Corporate movements, such as KEC International's new order worth Rs 1,079 crore and Lemon Tree Hotels signing a new property agreement, indicate vibrant activity across sectors.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.