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Indian Stocks Poised for Mild Gain Amid Mixed Global Cues
28 Nov
Summary
- Indian stock market indices expected to open marginally higher on Friday.
- Sensex closed up 110.87 points, Nifty 50 up 10.25 points on Thursday.
- Experts suggest a 'buy-on-dips' strategy for traders.
Indian stock market indices Sensex and Nifty 50 are anticipated to experience a modest upward start on Friday, continuing the positive momentum from the previous trading day. Gift Nifty futures indicate a slight premium, suggesting a cautiously optimistic opening for domestic equities.
The market benchmarks concluded Thursday's session with a positive bias, with Sensex recording a gain of 110.87 points and Nifty 50 closing marginally higher by 10.25 points. This performance occurred despite a backdrop of mixed signals from international markets, with Asian stocks mostly trading lower and US futures showing little movement.
Market analysts recommend a 'buy-on-dips' strategy, encouraging traders to capitalize on any minor downturns. The focus should remain on sector rotation and identifying stocks with robust individual performance, as the Nifty 50 is projected to potentially advance towards the 26,500 mark.
