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Benchmarks Sensex and Nifty50 may start on a positive note on Friday, tracking strong global cues
Stock Market Outlook
Sensex Today: Benchmarks Sensex and Nifty50 were trading higher on Friday morning. At 10:15 AM on Friday, the BSE Sensex was trading higher by 931 points or 1.16 per cent at 81,174, and NSE Nifty 50 at 24,586, higher by 251 points or 1.04 per cent.
Adani Ports (up 6.15 per cent), Maruti Suzuki India (3.69 per cent), Tata Motors (2.54 per cent), and IndusInd Bank (2.20 per cent) were among the top gainers of Sensex constituent stocks.
Among the broader markets, Nifty Midcap100, and Nifty Smallcap100 indices were trading higher by 0.70 per cent and 0.85 per cent, respectively.
Among the sectoral baskets, Nifty IT, Auto, Metal, and Oil & Gas indices were trading higher by over 1 per cent each. Nifty Consumer Durables was the only index that traded in red.
Global Cues
Asian markets were buzzing in trade, tracking Wall Street. Nikkei led with a gain of 1.10 per cent, followed by Asia Dow of 0.72 per cent, ASX 200 up 0.63 per cent, and Kospi up 0.11 per cent. Shanghai Composite, on the other hand, traded lower by 0.32 per cent.
Meanwhile, overnight in the US, major indices settled higher, with tech-heavy Nasdaq leading the charge. Nasdaq ended 1.52 per cent higher, while Dow Jones settled 0.21 per cent higher, and S&P 500 closed 0.63 per cent higher.
US 10-year Treasury yields rose to 4.23 per cent despite signs of economic contraction and flat inflation in March. Safe-haven gold slipped to a two-week low amid easing trade tensions and a holiday in top consumer China.
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