The stock market opened higher on Thursday, with Sensex and Nifty extending their gains from the last sesion. The rally was mainly driven by buying in pharma and healthcare stocks, along with support from positive global cues.
As of 9:44 am, the S&P BSE Sensex had jumped 404.22 points to reach 81,402.47.
» Read more about: Sensex rallies over 400 points: Why is stock market rising today? »
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US President Donald Trump’s tariff blitz, persistent growth worries and slowing inflation are expected to prompt eurozone rate-setters to lower borrowing costs again on Thursday.
It would be the European Central Bank’s seventh consecutive interest rate cut,
» Read more about: New eurozone rate cut expected as Trump trade war weighs »
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On CNBC’s “Mad Money Lightning Round,” Jim Cramer said Cerence Inc. (NASDAQ:CRNC) is a “winner.”
Supporting his view,
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After the S&P 500’s (^GSPC) feverish return to near-all-time highs, a growing crowd of Wall Street strategists argues that the benchmark index has more room to run higher.
On Monday, Deutsche Bank chief global strategist Bankim Chadha boosted his year-end S&P 500 target to 6,550 from 6,150.
» Read more about: Wall Street strategists see another 10% rally for the S&P 500 in 2025 »
Stocks were choppy Wednesday as market participants weighed weak economic data and tumbling Treasury yields.
Ahead of the opening bell, data from ADP showed private employers added 37,000 jobs in May. This was the lowest reading since March 2023 and well short of the 110,000 economists expected.
» Read more about: Stock Market Today: Stocks Brush Off Weak Jobs Data »
The modest gains signal investor caution ahead of Friday’s monetary policy announcement by the Reserve Bank of India.
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TOKYO (AP) — Asian shares were mixed on Thursday, as Wall Street’s big recent rally lost some momentum following a pair of potentially discouraging reports on the American economy.
U.S. futures edged lower and oil prices declined.
Japan’s benchmark Nikkei 225 shed 0.2% to 37,658.46,
» Read more about: Asian shares trade mixed after Wall Street’s rally stalls on U.S. economic data »
Many mutual fund investors are worried about the valuations in the mid cap space. Mid cap stocks have witnessed a robust rally in the longer term. Investors made handsome returns on their investments in mid cap funds. That could explain why investors are anxious about their investments. What should investors do?
» Read more about: Best mid cap mutual funds to invest in June 2025 »