The markets rallied on Monday following firm global cues after trade war worries eased last week. Asian stocks from Tokyo to Sydney gained as trade war concerns took a backseat to economic optimism following a US jobs report on Friday that showed that the American economy continued to strengthen without the prior month’s rapid wage gains that stoked inflation fears. However, analysts said that Indian markets will focus on key macro IIP and CPI for January and February, respectively, due to be released after 5.30pm. BSE Sensex closed higher by 610.80 points, or 1.83%, to 33,917.94, while the Nifty 50 rose 194.55 points, or 1.90%, to close at 10,421.40.
The markets rallied on Monday following firm global cues after trade war worries eased last week. Asian stocks from Tokyo to Sydney gained as trade war concerns took a backseat to economic optimism following a US jobs report on Friday that showed that the American economy continued to strengthen without the prior month’s rapid wage gains that stoked inflation fears. However, analysts said that Indian markets will focus on key macro IIP and CPI for January and February, respectively, due to be released after 5.30pm. BSE Sensex closed higher by 610.80 points, or 1.83%, to 33,917.94, while the Nifty 50 rose 194.55 points, or 1.90%, to close at 10,421.40.
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