AIRLINK 184.49 Decreased By ▼ -1.33 (-0.72%)
BOP 12.76 Increased By ▲ 0.17 (1.35%)
CNERGY 7.69 Increased By ▲ 0.56 (7.85%)
FCCL 41.20 Decreased By ▼ -0.26 (-0.63%)
FFL 15.12 Decreased By ▼ -0.22 (-1.43%)
FLYNG 26.58 Increased By ▲ 0.89 (3.46%)
HUBC 131.83 Decreased By ▼ -0.09 (-0.07%)
HUMNL 14.09 Decreased By ▼ -0.11 (-0.77%)
KEL 4.50 Decreased By ▼ -0.12 (-2.6%)
KOSM 6.39 Increased By ▲ 0.18 (2.9%)
MLCF 51.71 Increased By ▲ 0.58 (1.13%)
OGDC 208.88 Decreased By ▼ -4.45 (-2.09%)
PACE 6.27 Decreased By ▼ -0.43 (-6.42%)
PAEL 42.08 Increased By ▲ 0.61 (1.47%)
PIAHCLA 16.62 Decreased By ▼ -0.10 (-0.6%)
PIBTL 9.08 Increased By ▲ 0.41 (4.73%)
POWER 11.27 Increased By ▲ 0.37 (3.39%)
PPL 172.86 Decreased By ▼ -3.90 (-2.21%)
PRL 35.07 Decreased By ▼ -0.57 (-1.6%)
PTC 24.44 Decreased By ▼ -0.38 (-1.53%)
SEARL 95.28 Decreased By ▼ -2.04 (-2.1%)
SILK 1.13 Increased By ▲ 0.01 (0.89%)
SSGC 34.18 Increased By ▲ 2.72 (8.65%)
SYM 17.72 Decreased By ▼ -0.31 (-1.72%)
TELE 8.27 Increased By ▲ 0.01 (0.12%)
TPLP 11.67 Decreased By ▼ -0.03 (-0.26%)
TRG 60.48 Increased By ▲ 0.42 (0.7%)
WAVESAPP 11.53 No Change ▼ 0.00 (0%)
WTL 1.46 Decreased By ▼ -0.03 (-2.01%)
YOUW 4.01 Increased By ▲ 0.10 (2.56%)
AIRLINK 184.49 Decreased By ▼ -1.33 (-0.72%)
BOP 12.76 Increased By ▲ 0.17 (1.35%)
CNERGY 7.69 Increased By ▲ 0.56 (7.85%)
FCCL 41.20 Decreased By ▼ -0.26 (-0.63%)
FFL 15.12 Decreased By ▼ -0.22 (-1.43%)
FLYNG 26.58 Increased By ▲ 0.89 (3.46%)
HUBC 131.83 Decreased By ▼ -0.09 (-0.07%)
HUMNL 14.09 Decreased By ▼ -0.11 (-0.77%)
KEL 4.50 Decreased By ▼ -0.12 (-2.6%)
KOSM 6.39 Increased By ▲ 0.18 (2.9%)
MLCF 51.71 Increased By ▲ 0.58 (1.13%)
OGDC 208.88 Decreased By ▼ -4.45 (-2.09%)
PACE 6.27 Decreased By ▼ -0.43 (-6.42%)
PAEL 42.08 Increased By ▲ 0.61 (1.47%)
PIAHCLA 16.62 Decreased By ▼ -0.10 (-0.6%)
PIBTL 9.08 Increased By ▲ 0.41 (4.73%)
POWER 11.27 Increased By ▲ 0.37 (3.39%)
PPL 172.86 Decreased By ▼ -3.90 (-2.21%)
PRL 35.07 Decreased By ▼ -0.57 (-1.6%)
PTC 24.44 Decreased By ▼ -0.38 (-1.53%)
SEARL 95.28 Decreased By ▼ -2.04 (-2.1%)
SILK 1.13 Increased By ▲ 0.01 (0.89%)
SSGC 34.18 Increased By ▲ 2.72 (8.65%)
SYM 17.72 Decreased By ▼ -0.31 (-1.72%)
TELE 8.27 Increased By ▲ 0.01 (0.12%)
TPLP 11.67 Decreased By ▼ -0.03 (-0.26%)
TRG 60.48 Increased By ▲ 0.42 (0.7%)
WAVESAPP 11.53 No Change ▼ 0.00 (0%)
WTL 1.46 Decreased By ▼ -0.03 (-2.01%)
YOUW 4.01 Increased By ▲ 0.10 (2.56%)
BR100 11,926 Decreased By -59.9 (-0.5%)
BR30 35,765 Decreased By -158.2 (-0.44%)
KSE100 113,862 Decreased By -665.8 (-0.58%)
KSE30 35,401 Decreased By -298.1 (-0.84%)

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.