Markets are expected to continue its rally

13 Sep 2024 , 07:46 AM

Indian Benchmark indices likely to open positive on September 13 based on tracking strong global cues. The GIFT Nifty also trading around 42 points up on Friday morning near 25,391.

On September 12, the indices ended positively with Sensex up 1,439.55 points or 1.77% closing at 82,962.71 while Nifty surged 470.40 points or 1.89% to close at 25,388.90. All sectors ended their session in green with auto, metal, and energy stocks lead the gains.

Global Market:

Asian markets trading lower on Friday morning.

On the other hand, the US markets continued their tech rally after the inflation data increased the expectation of rate cuts by Federal Reserve in upcoming week.

Dow Jones was Up 0.58% from the previous close last night but down 1% Month-to-Date and up 10.05% Year-to-Date (YTD).

S&P 500 increased by 0.75% from the previous close.

Nasdaq rose by 1% from the previous close.