The Indian domestic equity market benchmark index, Sensex, and Nifty 50 will open higher on Friday in global markets. While the US stock market surged overnight, driven by technology companies and indications of an improvement in the US-China trade dispute, Asian markets saw higher trading.
Profit booking leads to the end of the Indian stock market’s seven-day winning streak. The geopolitical tensions increased due to India’s strong diplomatic response against Pakistan after the terror attack in Jammu & Kashmir, where 26 innocent tourists were left dead. The Nifty 50 closed at 82.25 points, or 0.34%, lower at 24,246.70, whereas the Sensex declined 315.06 points, or 0.39%, to close at 79,801.43.
It is important to evaluate the current market situation and take stock of it. That means thinking carefully about and understanding the current market before making a decision to buy or sell.
