US: Federal Reserve Governor Michelle Bowman will speak at the Annual Symposium on Building the Financial System of the 21st Century — 4:45 a.m. Rupee appreciated 5 paise to close higher at 84.45 against the US dollar. It opened flat at 84.49 on Friday. The Indian unit closed at 84.50 on Thursday, according to data on Bloomberg.

The trends on Gift Nifty indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 23,560 level, a premium of nearly 25 points from the Nifty futures’ previous close.

After two months of intense selling pressure, India’s equity market staged a significant rally on Friday, with benchmark indices BSE Sensex and NSE Nifty 50 sur

Indian stock market indices, Sensex and Nifty 50, staged a strong recovery on November 22, climbing nearly 1 per cent in early trade. This rebound follows a sharp dip in the previous session, where both benchmarks had shed over half a percent.

Goldman Sachs projects a Nifty 50 target of 27,000 over the next 12 months, emphasizing ’quality growth’ amid a cyclical slowdown in India’s economy. The report highlights key sectors and the potential impact of global macroeconomic factors on the Indian stock market.

Nifty surpassed the previous swing high of 23,780 and, thereby, reversing its short-term trend. An analyst expects the Nifty to retrace towards 24,400 with potential to extend towards 24,730.