The Fed hinted at a pivot in its December policy, and signalled three potential rate cuts totalling 75 bps in 2024
Bharti Airtel, Wipro, HCLTech, Tech Mahindra, Tata Consultancy Services and Maruti were among the gainers
Most global markets traded mixed as traders eyed key events such as talks between the US and China and the release of US inflation data
Fund managers expect active funds to regain the edge 'once the froth settles'
The 30-share BSE Sensex ended 0.02 per cent or 11.43 points higher at 65,087.25 points, marking its third straight day of gains
Only five companies launched their IPOs in the first five months of 2023
While the trend looks fragile, key supports are continuing to bolster the up move
During its uninterrupted winning streak between May 2021 and October 2021, the Sensex had added 22.8 per cent (11,125 points)
The overall market breadth was positive during the day with 2,178 stocks advancing and 1,509 declining
HDFC Bank result, buying in RIL boost benchmarks
Buying in index major Reliance Industries, Infosys and ITC also helped markets extend their previous day's gain
According to experts, apart from the positives on the overall macro level, the jubilation in the market was driven by positive data from the US
FPI flows, optimism about growth drive the rally
A combination of good management, healthy growth in their respective businesses, low paid-up capital base, and no share split or equity dilution are the reasons for their high market price
The NSE Nifty declined 91.85 points or 0.49 per cent to end at 18,634.55
Buying by FPI sustains sentiment; strong market breadth, with 2,259 stocks gaining, 1,302 declining on BSE. Four-fifths of Sensex stocks gain
The laggards include realty, power and IT stocks
Strong May sales saw automobile stocks outperform on Friday. Maruti and Mahindra & Mahindra gained 1.73 per cent and 1.7 per cent, respectively
The NSE Nifty fell 46.65 points or 0.25 per cent to finish at 18,487.75
Benchmark indices now just 3% shy of lifetime peaks