Today’s Nifty 50 and Sensex: The Gift Nifty indicators also point to a poor start for the Indian benchmark market. The Gift Nifty was down around 67 points from the previous closing of the Nifty futures, trading at about 23,366.
Following conflicting signals from international markets, the key Indian stock market indices, the Sensex and Nifty 50, are probably going to open lower on Thursday.
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Additionally, the Gift Nifty trends show that the Indian benchmark index is off to a bad start. The Gift Nifty was down around 67 points from the previous closing of the Nifty futures,trading at about 23,366.
US Federal Reserve Chair Jerome Powell’s statement on Wednesday that the central bank will exercise patience and wait for further clarity on the economic outlook before considering any changes to interest rates severely damaged investor mood.
The benchmark Nifty 50 closed above 23,400 on Wednesday,marking the third straight session that the local equity market has rallied.
The Nifty 50 closed 108.65 points, or 0.47%, higher at 23,437.20,while the Sensex jumped 309.40 points, or 0.40%, to conclude at 77,044.29.
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