BSE Sensex Rejig: Trent and Bharat Electronics to Replace Nestle India and IndusInd Bank. Due to management-related issues and an internal scam amounting to ₹172 crore. Its shares have fallen by 40% over the past year. On Thursday, the stock market once again witnessed profit booking. The Sensex closed down by 644.64 points or 0.79% at 80,951.99, while the Nifty 50 index fell by 203.75 points or 0.82%, closing at 24,609.70.
This decline in the market came after weak cues from the US market, and global signals also impacted the sentiment. Experts say that optimism around a US-India trade deal and positive domestic macroeconomic indicators are keeping the market range-bound.
GIFT Nifty Sees Uptick
Meanwhile, on NSE IX, GIFT Nifty was trading higher by 35.5 points or 0.14% at 24,690.50. This suggests that the Sensex and Nifty may open higher on the last trading day of the week.
On Thursday, the US stock market ended with minor changes after a volatile session. The market movement was attributed to the US House of Representatives passing President Donald Trump's tax and spending bill. The Dow Jones closed lower by 1.35 points at 41,859.09, while the S&P 500 index slipped 2.60 points or 0.04% to 5,842.01. In contrast, the Nasdaq gained 53.09 points or 0.28%, closing at 18,925.74.
Morgan Stanley Upgrades India’s GDP Growth Forecast
Additionally, Morgan Stanley has upgraded its GDP growth forecast for India. The firm now estimates a growth rate of 6.2% for FY2026, up from 6.1%, and expects the economy to grow at 6.5% in FY2027, up from the earlier projection of 6.3%. This revision comes as concerns over US-China trade relations have eased.
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