Sensex Today | Share Market Live Updates: Indian stock markets are poised for a strong opening, tracking global market and amid a dovish stance from the US Federal Reserve. The Gift Nifty, suggests a gap-up start for the Indian benchmark index Sensex and Nifty. The Gift Nifty was trading around the 21,222 mark, a rise from the Nifty futures’ last closing at 21,035.
On Wednesday, the domestic equity markets closed with slight gains, recovering from intraday lows. The Nifty 50 managed to stay above the 19,900 level. This rebound was in sync with the global trend where Asian stocks surged, taking a cue from Wall Street’s rally. The optimism in global markets followed the Federal Reserve’s indication of potential interest rate cuts next year. The central bank held rates steady but indicated through its “dot plot” that officials anticipate cutting rates 75 basis points in 2024, a sharper pace of cuts than indicated in September.
14 Dec 2023, 07:47:42 AM IST
Sensex Today Live: Gift Nifty signals strong start for Indian indices; SBI, Biocon, NBCC in focus
The Gift Nifty is trading at a premium of more than 200 pts from Nifty Futures, indicating a strong start for the Indian market amid dovish Fed policy. The Gift Nifty was trading around the 21,222 mark, a rise from the Nifty futures’ last closing at 21,035.
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Aniket Pujari is a passionate finance and technology enthusiast with a strong academic background in Financial Markets. Since 2015, he has been deeply immersed in the world of cryptocurrencies, blockchain technology, and global financial systems, building a wealth of knowledge and expertise in these rapidly evolving fields.
