Share Market : Indian stock indices traded largely steady on Friday morning, continuing the trend from the past few sessions. At the time of writing this report, Sensex was a few points up and the Nifty was a few points higher from their previous closing.
The benchmark stock indices have been largely steady this week due to a lack of firm cues for investors. For fresh cues, investors will continue to monitor the earnings of listed companies along with the latest pattern of foreign investments in Indian stocks.
Also, investors would eye US monetary policy meeting scheduled for May 2-3. In the US, the interest rate is currently at 4.75 to 5.00 percent, which was near zero during the initial days of the pandemic. “There is global support for the ongoing rally in the Indian market. The mother market, the US, is doing well supported by better-than-expected earnings from Big Tech companies. The latest GDP numbers from the US indicate a strong but slowing economy ,” said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Read More – Sensex jumps 156 points in morning trade; within striking distance of 62k level
Continuing the achievement of the journey of effectiveness and credibility of more than 10 years in the career of journalism, as a woman journalist, I am Serving as the founder, promoter and editor of DiaryTimes with the trust and support of all. My credible coverage may not have given a big shape to the numbers, but my journey presents articles that make you aware of the exact and meaningful situations of Himachal’s politics, ground issues related to the public, business, tourism and the difficult geographical conditions of the state and financial awareness. DiaryTimes, full of the experience of my precise editorial expertise, is awakening the flame of credible journalism among all of you, so that the eternal flame of meaningful change can be lit in the life of the people of the state and the atrocities being committed against the people can be brought to the fore, I am motivated for that. If even a small change comes with the power of my journalism and the whole world becomes a witness to that issues, then I will consider myself fortunate.
