Although the Indian stock SENSEX rises, it suggests a decline for 2 consecutive weeks

The Indian stock market rose 835 points (1.1%) to 79,715, and Nifty 50 surpassed 24,350.

On Wall Street on Thursday, concerns about the US recession receded as weekly unemployment claims fell more than expected, and BSE Sensex turned positive.

Inflation predictions based on Reuters polls predicted that India's inflation rate would ease to 3.65%, which is the low level since 2019/8, raising expectations that the RBI will implement interest rate cuts sooner than expected, raising sentiment.

Early rising stocks include Eycher Motors (4.7%), Tata Motors (3.2%), Grasim (2.6%), and HCL Tech (2.4%).

Consumer prices in China reached a high level for the first time in 5 months, but producer prices continued to fall.

Automobiles, IT, electric power, real estate, telecommunications, and media each rose 1%. The BSE midcap index and the small cap index each rose 1%.

BSE SENSEX depreciated 1.5% this week, and it will be the second consecutive week of decline amid simultaneous global stock depreciation at the beginning of the week.