Stock Market Today: 8 Major Updates That Could Impact Nifty and Sensex

Stock Market Today: The Indian stock market is expected to start flat on Friday, May 2, 2025, as suggested by Gift Nifty trading around the 24,425 level. This is a slight premium of 7 points over the previous close of Nifty futures.

Stock Market Today:

1. Global Market Boost:

Asian markets traded positively after Wall Street’s strong performance. The Dow Jones and S\&P 500 closed higher for the eighth day in a row. Japan’s Nikkei 225 rose by 1.24%, and South Korea’s Kosdaq added 0.60%.

2. US Market Rally:

Strong earnings from major companies like Microsoft and Meta helped lift investor confidence. Microsoft shares jumped 7.6%, and Meta rose 4.2%. The Nasdaq ended up 1.52% higher.

3. Indian Market Status:

Indian markets were closed on May 1 for Maharashtra Day. On April 30, the Sensex dropped 46 points to 80,242. The Nifty 50 held firm at 24,334. Experts believe the market is in a consolidation phase, facing resistance near 24,400.

4. Focus on Global Cues:

Traders are watching US GDP data and corporate earnings for direction. A stock-specific approach is advised due to mixed trends.

5. US-China Trade Talks
China expressed interest in restarting tariff negotiations with the US. The update boosted sentiment in global markets.

6. US Economic Indicators
US jobless claims rose to 241,000. Manufacturing activity weakened, with the PMI falling to 48.7.

7. Gold Prices Drop
Gold posted its worst weekly drop in two months. Spot gold held near $3,240 per ounce, down 2% for the week amid easing trade fears.

8. Dollar Strengthens
The US dollar is poised for a third consecutive weekly gain. The dollar index is on track for a 0.5% increase.

The Indian market may open flat. Investors should remain cautious and focus on selective stocks.

Disclaimer:

The information provided in this article is for informational purposes only and is based on market trends and expert opinions available at the time of writing. It does not constitute investment advice. Readers are advised to consult certified financial advisors before making any investment decisions.

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