Market Update: The bulls began the run on a positive note!
About 2,397 stocks were advancing as against to 620 that were declining, thus indicating a positive sentiment in the broader market.
Market Update at 9:35 AM: On Friday, Indian markets opened trading session on a positive note. Similarly, the Broader indices also witnessed a rally.
The Sensex is trading up at 1.17 per cent above the 79,811.10 mark while the Nifty has also soared by 1.16 per cent placed at 24,395.20 level.
Whereas, in the broader, the Nifty Mid-cap increased by 1.17 per cent trading below the 57,342.55 level and the Nifty Small-cap zoomed by 1.06 per cent.
India VIX has plunged by 5.87 per cent, indicating a decrease in market volatility.
In the sectoral landscape, Nifty Realty and Nifty Auto emerged among the top gainers, while there were no players in the major underperforming sectors.
About 2,397 stocks were advancing as against to 620 that were declining, thus indicating a positive sentiment in the broader market.
Pre Market: The Indian equity indices gave up some of the previous session's gains amid high volatility on August 8, as the RBI policy outcome met expectations with key rates unchanged, while the Monetary Policy Committee maintained its withdrawal of accommodation stance.
At the close, the Sensex had fallen 581.79 points, or 0.73 per cent, to 78,886.22, while the Nifty had declined by 180.50 points, or 0.74 per cent, to 24,117.
However, the GIFT Nifty is trading higher, indicating a strong start for the day, with Nifty futures trading at 24,357.5.
Meanwhile, U.S. stocks surged on Thursday, with the Nasdaq and S&P 500 both closing over 2 per cent higher after jobless claims dropped more than anticipated, easing concerns that the labor market was weakening too rapidly.
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The Dow Jones Industrial Average climbed 683.04 points, or 1.76 per cent, to 39,446.49, the S&P 500 rose 119.81 points, or 2.30 per cent, to 5,319.31, and the Nasdaq Composite jumped 464.22 points, or 2.87 per cent, to 16,660.02.
On the same day, foreign institutional investors (FIIs) sold equities worth Rs 2,626 crore, while domestic institutional investors purchased equities worth Rs 577 crore.
Disclaimer: The article is for informational purposes only and not investment advice.