Stock Market Update: Market opened in green, Sensex crossed 76,700; Nifty rose 70 points

Stock Market Today, January 24: The Indian stock market is likely to open with a slight rise today i.e. on Friday. Indian markets may get support from the strong signals coming from global markets. Asia Pacific markets are trading higher on Friday morning, which is the result of the strength of Wall Street. US President Donald Trump emphasized on reducing interest rates and reducing oil prices, which gave positive signals to the markets.

However, weak quarterly results and selling pressure at higher levels may keep Indian stock markets range-bound in the near term. Selling of shares by foreign investors can also maintain pressure in the market.

Amid positive global cues, GIFT Nifty index is indicating an upstart for the Indian stock market. At 7:00 am the index was seen trading at 23,299 levels with a gain of 36 points.

Apart from this, today the stock market will keep an eye on the Q3 results of 81 domestic companies. Also, flash manufacturing PMI data from India, Japan, US, UK, Germany and France will also be important.

Along with this, news related to the ongoing IPO, selling by foreign institutional investors (FII) and possible Union Budget 2025 will be in the focus of investors.

And closed at 76,520 with a slight gain of 115 points. At the same time, NSE Nifty 50 registered a gain of 50 points and ended the trading at 23,205.

signals from global market

The Asia-Pacific market is seeing a rise on Friday. In US markets, the S&P 500 gained 0.53% to close at 6,118.71, making an all-time high for the second consecutive session. The Dow Jones Industrial Average rose 0.92% to 44,565.07, while the Nasdaq Composite added 0.22% to 20,053.68.

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In Asian markets, Japan’s Nikkei index opened with a gain of 0.33%. Core inflation rose to a 16-month high of 3% (annualized) in December, the Bank of Japan announced ahead of its monetary policy meeting today. South Korea’s Kospi index opened 0.62% higher, while Australia’s S&P/ASX 200 index rose 0.39%. At the same time, the Central Bank of Singapore relaxed its monetary policy in Friday’s meeting, which was in line with market expectations.

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