The stock markets began Thursday on a strong note, with both the Nifty 50 and BSE Sensex indices opening higher. Nifty 50 gained 93.20 points (0.38%) to reach 24,863.40, while Sensex rose by 301.94 points (0.37%) to 81,207.24. Market experts anticipate a new all-time high next week, driven by expectations of a US Federal Reserve rate cut in September. Softening crude oil prices and reducing geopolitical tensions are also seen as positive factors.
Sectoral and global market overview
While most sectoral indices recorded gains, Nifty Pharma, Auto, and Realty opened lower. Globally, US indices closed higher, reflecting investor optimism following dovish comments in the Fed’s July minutes. Asian markets showed mixed results.
Despite some pressure on banking stocks, the overall market sentiment remains positive, with significant gains across various indices. Global markets also reflected a similar trend, with US indices closing higher.
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