Stock Market Today: Analyzing Gift Nifty and Sensex Trends Post-US Inflation Impact
Wednesday, 11 September 2024, 19:00
Market Overview
The Indian stock market gears up for an interesting session as the Sensex and Nifty 50 are projected to open higher on Thursday. This optimistic outlook follows encouraging signals from the Asian markets and a notable rally in the US stock market driven by technology stocks.
US Inflation Report
The US consumer prices report has significantly influenced market sentiments, reducing the odds of a drastic US Fed rate cut. This has shifted expectations, favoring a softer approach from the Federal Reserve.
Key Market Indicators
- Gift Nifty Today: Trading around 25,084, indicating a positive start for Indian indices.
- Asian Markets: Strong performances with Japan's Nikkei 225 surging.
- U.S. Stock Gains: A notable rise in tech stocks with Nvidia shares spiking.
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.