Equity Market and its Upcoming Trend 2024
With the cues coming from US markets as Nasdaq declining dragged down by technology stocks while Dow Jones rose marginally on stock Specific Gains.
If we talk about Indian equities, it ended lower on this Friday when the post is being written, As invesors booked profits at higher level after record closing in the previous trading sessions to this.
Top loosers were Adani Enterprises, BPCL, Ultratech and TaTa Motors etc. Inversely, the top gainers includes, Bharti Airtel Infosys , Adani ports and Hindalco etc.
The interbank call money rate ended at 5.75 percent on this Friday whereas, Government Bond Prices ended higher tracking fall in the US treasury yield as discussed earlier.
Rupee also ended higher against Dollar on foreign fund inflows and Exporter dollar sales. Crude oik prices fell 56 cents on the exchange on demand growth worries following the strong dollar index.
The GST council empowered tax authorities to waive interest and penalties on past tax demands, reduced the pre deposit amount for filling appeals.
Saket Kumar Singh
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