Sensex crosses 80,000 as Nifty rises amid Nasdaq drop
Business
Big milestone for Indian markets this week: Sensex crossed the 80,000 mark for the first time since March, trading at 80,027.74 (up 0.90%). Nifty also rose to 24,698 points.
This happened even as global tech stocks took a hit and the Nasdaq tumbled 5.52%.
Indian rupee and foreign inflows
A steady rupee and solid foreign investments kept things upbeat, with help from RBI's support and moderating crude oil prices.
More stocks were rising than falling on the BSE, showing positive vibes, especially in tech and banking (ICICI Bank did well).
Now all eyes are on the upcoming US jobs report since it could influence Federal Reserve rate expectations and the dollar's near-term direction.