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Benchmark indices Sensex and Nifty are expected to take cues from progress on the India-US trade deal, key US economic data
Sensex Today
Sensex Today: Indian stock markets remained in consolidation mode at higher levels on Friday as investors tracked the approaching deadline for US President Donald Trump’s proposed tariffs. The BSE Sensex was trading at 83,307, up 67 points or 0.08 per cent, while the Nifty50 inched up 13 points or 0.05 per cent to 25,418.
In the broader market space, the Nifty MidCap index dipped 0.04 per cent, and the Nifty SmallCap slipped 0.20 per cent.
Sector-wise, Nifty Financial Services, FMCG, and Pharma emerged as the top performers, each gaining 0.25 per cent.
Global cues
Asia-Pacific markets were mixed on Friday, following gains on Wall Street after a stronger-than-expected US jobs report helped ease investor concerns about a potential economic slowdown. The non-farm payrolls rose by 147,000 in June, above economists’ forecast of 110,000, according to Reuters.
At the last count, Nikkei was up 0.17 per cent, while the broader Topix index inched up 0.23 per cent. Kospi slipped 0.47 per cent, while ASX 200 rose 0.19 per cent. Overnight in the US, stocks rallied as the latest jobs data surpassed expectations.
The S&P 500 and Nasdaq Composite both closed at record highs. The Dow Jones Industrial Average gained 344.11 points, or 0.77 per cent, to finish at 44,828.53. The S&P 500 rose 0.83 per cent to 6,279.35, while the Nasdaq jumped 1.02 per cent to 20,601.10.
US markets will remain closed on Friday in observance of the Independence Day holiday.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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