Stock Market Today: GIFT Nifty on the NSE IX traded 25.5 points higher, at 19631.5, indicating that Dalal Street will likely open the day on a negative note. On Thursday’s monthly expiry day, Nifty fell 193 points, creating a long bear candle on the daily chart. As investors evaluated the most recent set of economic data and as a jump in Treasury yields paused ahead of a crucial inflation report, Wall Street’s major indexes closed the day higher on Thursday.
Tokyo stocks opened higher; Rupee edges
Nikkei shares in Tokyo started the day higher on Friday following a Wall Street recovery driven by tech firms. The leading Nikkei 225 index increased by 0.26 percent, or 84.34 points, to close at 31,956.86, but the larger Topix index decreased by 0.13 percent, or 2.96 points, to close at 2,342.55. A drop in the price of crude oil and the dollar helped the rupee gain 3 paise to end restricted trading on Thursday at 83.19 against the US dollar.
Stock Market Today: HDFC Bank to see 70 million dollars inflow
According to Nuvama Institutional Equities, HDFC Bank would get inflows of $70 million, which is the biggest amount. Other stocks like Trent ($54 million), Shriram Finance ($59 million), and Power Grid ($64 million) will also see increased interest. A $40 million infusion will go to TVS Motor, a $21 million infusion will go to PNB, and a $27 million infusion will go to Adani Enterprises. IndusInd Bank, Axis Bank, ICICI Bank, Bank of Baroda, AU SFB, and Federal Bank would experience some outflows as a result of weight reductions within the Nifty Bank members.
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