Gift Nifty indicates a positive start amid last two dull sessions

The recently held update from the previous session of the Stock market is that the 30-share BSE benchmark Sensex upgraded by 179 points or 0.25 percent to settle at 72,026. The broader NSE Nifty surged 52 points or 0.24 percent to end at 21,711. The further presumptions related to stock trading indicate a mild resistance at 21,722 followed by 21,771 and 21,817 level for Gift Nifty. 

The rupee appreciated 9 paise to close at 83.15 against the US dollar, aided by a positive trend in domestic equities and fresh foreign capital inflows. While oil prices dipped in early trade on Monday on a sharp rise cuts by top exporter Saudi Arabia and a rise in OPEC output, stepping aside the worries about escalating geopolitical tensions in the Middle East.

Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoY

US stocks are altered by inflations fear and the supportive intact of around the 36,500-37,100 zone in the Dow Jones Industrial Average and next bias will surely turn positive ratio above the 37,800 level.

Asian market traded little higher ahead of the key economic data releases of this week of inflation reports from the US, Japan, and China. The investors remained cautious over the trajectory of interest rate cuts going ahead, with an eye on key economic data releases.

Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail deposits