Monday, February, 17,2025

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Indian stock indices remain bullish, touch fresh highs Friday

New Delhi: The bullishness in the Indian stock markets continued through Friday as the benchmark indices - Sensex and Nifty - touched fresh record highs.
Sensex and Nifty were 0.6-0.7 per cent higher from Wednesday at the time of writing this report. Sensex meanwhile crossed the 64,000 mark and is trading at 64,312 points. Indian stock indices - Sensex and Nifty - last touched their all-time highs Wednesday, with experts attributing it to strong economic parameters including a firm GDP outlook, moderate inflation and strong purchases by foreign investors.
Indian stock exchanges were shut yesterday on account of Bakri Eid (Eid-al-Adha), and normal trading will resume Friday. Indian stock markets will remain closed next on August 15 for Independence Day celebrations.
"The momentum in the market has picked up again and the undercurrent has the potential to take the benchmark indices to new highs. The global support to the bullishness is coming from the mother market US where the market is resilient supported by better-than-expected Q1 GDP growth of 2 per cent and declining weekly jobless claims," said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Going ahead, June auto sales numbers, Q1 company earnings, prthe ogress of the monsoon, and the US Fed monetary policy stance will give a direction to India and the global market.
Vijayakumar, however, noted that market valuations are high now, advicing investors to exercise caution.
Also, the inflation in the US and India which is moderating, but what is to be seen going ahead is whether this trend is sustainable. (ANI)

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Daily Astro

17-02-2025

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Aries

Today brings opportunities for growth, but you'll need to stay focused. Trust your instincts to navigate challenges.

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Pisces

Your intuition will guide you. Trust your feelings and explore creative outlets for peace of mind.

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Aquarius

Innovation is your theme today. Explore unconventional ideas to solve lingering problems.

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Capricorn

Hard work pays off today. Your dedication and discipline will lead to well-deserved recognition.

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Sagittarius

Adventure is calling! Embrace new opportunities, but keep a balanced approach to risks.

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Scorpio

Your determination will be unmatched. Dive deep into tasks, but don't forget to take breaks to recharge.

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Libra

Harmony in relationships is your priority. Compromise and understanding will strengthen your bonds.

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Virgo

Focus on organization and details. A well-planned day will lead to productive results and personal satisfaction.

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Leo

Leadership will come naturally. Take charge of situations but remain humble for the best outcomes.

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Cancer

Emotional balance is key today. Spend quality time with loved ones to find comfort and clarity.

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Gemini

Today is perfect for networking and sharing ideas. Your adaptability will help you tackle unexpected changes with ease.

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Taurus

Patience will be your strength today. Financial matters might need attention, so think twice before making big decisions.

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17-02-2025