AIRLINK 182.88 Decreased By ▼ -1.61 (-0.87%)
BOP 12.65 Decreased By ▼ -0.11 (-0.86%)
CNERGY 7.83 Increased By ▲ 0.14 (1.82%)
FCCL 41.22 Increased By ▲ 0.02 (0.05%)
FFL 15.13 Increased By ▲ 0.01 (0.07%)
FLYNG 26.52 Decreased By ▼ -0.06 (-0.23%)
HUBC 131.32 Decreased By ▼ -0.51 (-0.39%)
HUMNL 14.20 Increased By ▲ 0.11 (0.78%)
KEL 4.54 Increased By ▲ 0.04 (0.89%)
KOSM 6.35 Decreased By ▼ -0.04 (-0.63%)
MLCF 51.21 Decreased By ▼ -0.50 (-0.97%)
OGDC 208.74 Decreased By ▼ -0.14 (-0.07%)
PACE 6.31 Increased By ▲ 0.04 (0.64%)
PAEL 43.01 Increased By ▲ 0.93 (2.21%)
PIAHCLA 16.52 Decreased By ▼ -0.10 (-0.6%)
PIBTL 9.08 No Change ▼ 0.00 (0%)
POWER 11.09 Decreased By ▼ -0.18 (-1.6%)
PPL 173.40 Increased By ▲ 0.54 (0.31%)
PRL 35.23 Increased By ▲ 0.16 (0.46%)
PTC 24.50 Increased By ▲ 0.06 (0.25%)
SEARL 95.40 Increased By ▲ 0.12 (0.13%)
SILK 1.13 No Change ▼ 0.00 (0%)
SSGC 33.42 Decreased By ▼ -0.76 (-2.22%)
SYM 17.54 Decreased By ▼ -0.18 (-1.02%)
TELE 8.35 Increased By ▲ 0.08 (0.97%)
TPLP 11.70 Increased By ▲ 0.03 (0.26%)
TRG 61.85 Increased By ▲ 1.37 (2.27%)
WAVESAPP 11.60 Increased By ▲ 0.07 (0.61%)
WTL 1.47 Increased By ▲ 0.01 (0.68%)
YOUW 4.04 Increased By ▲ 0.03 (0.75%)
AIRLINK 182.88 Decreased By ▼ -1.61 (-0.87%)
BOP 12.65 Decreased By ▼ -0.11 (-0.86%)
CNERGY 7.83 Increased By ▲ 0.14 (1.82%)
FCCL 41.22 Increased By ▲ 0.02 (0.05%)
FFL 15.13 Increased By ▲ 0.01 (0.07%)
FLYNG 26.52 Decreased By ▼ -0.06 (-0.23%)
HUBC 131.32 Decreased By ▼ -0.51 (-0.39%)
HUMNL 14.20 Increased By ▲ 0.11 (0.78%)
KEL 4.54 Increased By ▲ 0.04 (0.89%)
KOSM 6.35 Decreased By ▼ -0.04 (-0.63%)
MLCF 51.21 Decreased By ▼ -0.50 (-0.97%)
OGDC 208.74 Decreased By ▼ -0.14 (-0.07%)
PACE 6.31 Increased By ▲ 0.04 (0.64%)
PAEL 43.01 Increased By ▲ 0.93 (2.21%)
PIAHCLA 16.52 Decreased By ▼ -0.10 (-0.6%)
PIBTL 9.08 No Change ▼ 0.00 (0%)
POWER 11.09 Decreased By ▼ -0.18 (-1.6%)
PPL 173.40 Increased By ▲ 0.54 (0.31%)
PRL 35.23 Increased By ▲ 0.16 (0.46%)
PTC 24.50 Increased By ▲ 0.06 (0.25%)
SEARL 95.40 Increased By ▲ 0.12 (0.13%)
SILK 1.13 No Change ▼ 0.00 (0%)
SSGC 33.42 Decreased By ▼ -0.76 (-2.22%)
SYM 17.54 Decreased By ▼ -0.18 (-1.02%)
TELE 8.35 Increased By ▲ 0.08 (0.97%)
TPLP 11.70 Increased By ▲ 0.03 (0.26%)
TRG 61.85 Increased By ▲ 1.37 (2.27%)
WAVESAPP 11.60 Increased By ▲ 0.07 (0.61%)
WTL 1.47 Increased By ▲ 0.01 (0.68%)
YOUW 4.04 Increased By ▲ 0.03 (0.75%)
BR100 11,939 Increased By 13.6 (0.11%)
BR30 35,757 Increased By 20.8 (0.06%)
KSE100 114,090 Increased By 227.3 (0.2%)
KSE30 35,464 Increased By 63.6 (0.18%)

BENGALURU: India’s blue-chip index Nifty 50 is set to hit a record high for the fifth straight session on Friday, moving in tandem with a global technology stocks-led rally that was triggered by AI-bellwether Nvidia’s stellar earnings.

India’s GIFT Nifty was trading at 22,312.50 as of 8:13 a.m. IST, indicating that the NSE Nifty 50 will open above its Thursday’s record close of 22,217.45.

The Nifty has hit all-time peaks in each of the four sessions this week and gained about 0.8% over the period, aided by financials and consumer stocks.

Indian shares shrug off losses

The Sensex has added 1% this week so far and is about 300 points away from its record high.

The S&P 500 index and Dow Jones Industrial Average both jumped to record closing highs on Thursday, powered by chipmaker Nvidia’s surge after its bumper earnings and outlook.

The Nasdaq added about 3%. European shares rose to a record high on Thursday and the euphoria carried over into the Asian markets on Friday. The MSCI Asia ex-Japan index gained over 0.5%.

Japan’s Nikkei 225, fresh off an Nvidia-powered record high on Thursday, rose another 2%.

Meanwhile, the minutes of the Reserve Bank of India’s latest policy meeting hinted “at a dialing down of hawkishness, with two members materially more dovish, as members showed optimism over robust growth,” Barclays analysts said in a note.

They expected India’s central bank to cut rates in June. Domestic institutional investors (DII) bought shares worth 18.24 billion rupees ($220.1 million), on a net basis, on Thursday while foreign institutional investors (FII) offloaded stocks worth 14.10 billion rupees.

Comments

Comments are closed.