"The market has been on an upward bias," said Prashanth Tapse, senior vice president at Mehta Equities, adding that healthy foreign institutional investors' buying over the last few sessions and economic data have fuelled optimism.47.39 billion rupees worth of equities over the period.
Wall Street equities rose on Thursday in a truncated week, ahead of U.S. jobs data, which was released on Friday.indicated that the labour market remained tight in March, but was largely in line with expectations and increased the probability of a Fed rate hike in May. The market is pricing in 68.3% chance of a 25 basis point rate hike in May, up from 49.2% on Thursday, according to CME's FedWatch Tool. .FEDWATCHOur Standards:
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