Nifty is expected to open on a gap up note and likely to witness positive move during the day - Nirmal Bang Ltd
Market Review
US:
US stocks surged in late trading on speculation that Nvidia Corp.'s strong earnings report will further fuel the ongoing artificial intelligence-driven rally.
Asia:
Asian stock markets rose Thursday morning after a federal trade court struck down President Trump's global tariffs.
India: The benchmark equity indices closed lower for the second consecutive session on Wednesday as share prices of ITC Ltd. and Reliance Industries Ltd. dragged the most. Nifty is expected to open on a gap up note and likely to witness positive move during the day.
Global Economy:
In April 2025, Ireland's retail sector experienced a notable rebound, with overall sales volumes increasing by 1.1% compared to March. This monthly growth follows a 0.9% decline in March, indicating a positive shift in consumer activity. On an annual basis, retail sales rose by 3.0% compared to April 2024, marking a significant improvement from the 1.3% year-on-year drop observed in March In April 2025, Brazil's labor market demonstrated robust performance, with the economy generating a net total of 257,528 formal jobs, surpassing the 175,000 positions anticipated by the market. This figure represents the highest job creation for the month of April since the adoption of the current methodology in 2020.
Commodities:
Oil prices rose on Thursday after a U.S. court blocked President Donald Trump's tariffs from taking effect, while the market was watching out for potential new U.S. sanctions curbing Russian crude flows and an OPEC+ decision on hiking output in July. Gold hit a more than one-week low on Thursday, as the US dollar rallied and risk sentiment improved after a US federal court blocked US President Donald Trump’s “Liberation Day” tariffs from going into effect.
Currency:
The U.S. dollar rallied sharply on Thursday after a court blocked President Donald Trump from imposing his socalled Liberation Day import tariffs, with the currency surging against the euro, yen and Swiss franc in particular.
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Nifty is expected to open on a flattish note and likely to witness range bound move during t...
