Sensex Today | Nifty 50 | Stock Market Live Updates: GIFT Nifty was trading 59 points, or 0.26%, higher at 22,792 on the NSE IX, indicating a positive start for Indian equity markets on Thursday. Analysts expect Indian equities to remain range-bound after the US Federal Reserve kept interest rates unchanged and reaffirmed its commitment to bringing inflation under control.
Sensex Today | Nifty 50 | Stock Market Live Updates: GIFT Nifty signals a positive start; Asian shares trade higher
In short
Market indicators pointed to an upbeat opening as the GIFT Nifty climbed 59 points ahead of regular trading hours. Broader Asian equities also registered gains to offer early regional support for domestic benchmarks. Despite the favorable start, analysts project that Indian stocks will likely remain within a defined range. This tempered outlook stems from the US Federal Reserve's policy stance to keep interest rates unchanged to combat persistent inflation.
Key points
- Early regional indicators suggest domestic equities will experience an initially favorabl…: Early regional indicators suggest domestic equities will experience an initially favorable opening session.
- Market analysts anticipate that Indian shares will largely remain confined to a range-bou…: Market analysts anticipate that Indian shares will largely remain confined to a range-bound trajectory.
- Lingering policy pressure persists after the US Federal Reserve reiterated its stance on…: Lingering policy pressure persists after the US Federal Reserve reiterated its stance on fighting inflation.