Live Stock Market Updates: Benchmark equity indices increased on Friday as mixed global cues led investors to appear cautious. Investor mood improved as a result of the economy’s 7.8% growth in the three months ending in June, the highest level in the previous four quarters.
Both the Sensex and the Nifty had a majority of equities that were in the green. Tata Steel increased by more than 3% in the Sensex group.
On Friday, the majority of Asian markets were up, in contrast to Thursday’s closing losses for European and US stocks.
Thursday saw a loss of 255.84 points for the Sensex, which ended the day at 64,831.41 points, and a loss of 93.65 points for the Nifty, which finished the day at 19,253.80 points.
The Federal Reserve’s preferred inflation gauge came in largely in line with expectations for July, leaving investors looking ahead to Friday’s August jobs report, according to Deepak Jasani, Head of Retail Research at HDFC Securities. As a result, US stocks ended the month of August on a negative note on Thursday.
As China continued to implement stimulus measures to support its faltering economy, Live Stock Market Updates in Asia rose broadly, he added.
The world’s fastest-growing major economy, India, continued to grow at a 7.8% annual rate in the June quarter, according to official figures released on Thursday. This growth was mostly driven by the double-digit expansion of the services sector.
A little increase in crude futures brought the price of a barrel to USD 87.02.
FIIs (Foreign Institutional Investors) sold shares worth Rs 2,973.10 crore on Thursday, according to exchange data, making them net sellers of domestic equities.
