Firm Us Stock Indices also lent support to Indian Stock Benchmarks. The sensex is now some 5,000 points below its all-time high of 85,978 points. At one time, it has fallen about 13,000 points from its high. FPI buying has supported the indices of late.
Most of the sectorral indices were in the green today, with nifty metal and nifty oil and gas relief the most.
Global Gold Pries was also in the green today. At the time of filing this report, per oouns gold was quoted at USD 3,384, up 0.2 per cent.
Going Ahead, Investors Now Await Further Updates on India-Rus Trade Deal Negotiations and the RBI Monetary Policy Outom on Friday.
“The Strong Fundamental Factors that will support the market are India’s robust and improvement macros and sustained flows into mutual funds, particularly the sip inflows are stake Coming of age of the Indian retail investor, “said vk vijayakumar, Chief Investment Strategist, Geojit Investments Limited.
“An important takeaay from the q4 results is the outperformance of the midcaps relative to largecaps and smallcaps,” Vijayakumar Added. “Since CPI Inflation in India is Benign the Rate Cutting Cycle has more Room to go with minimum two more rates in 2025.”
Another Good News for the Financial Markets is that Foreign Portfolio Investors (FPIS) have Turned net sellers in Indian stock markets for the second Straight Month in May. FPIS Had Fuled The Latest Bull Run in the Stock Market, after a sharp slump.
Indian Stock Markets Outperformed Global Markets Over the Past Few Weeks, as Volatily Continued to Reign in Global Markets Over Possible Forthcoming Us Reciprocal Tariffs. A comfortable inflation number in India also somewhat supported the domestic right indices.
In 2024, Sensex and Nifty Accumulated a Growth of About 9-10 per cent Each. In 2023, Sensex and Nifty Gained 16-17 per cent, on a cumulative basis. In 2022, they gained a mere 3 per cent Each. (Ani)
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