Indian Stock Market Update - 27 July 2023

The Indian stock market is expected to open on a positive note on Thursday, 27 July 2023, tracking positive global cues.

US stock markets closed higher on Wednesday:

• Dow Jones Industrial Average: +0.71%
• S&P 500: +0.82%
• Nasdaq Composite: +1.23%

In India, the benchmark Sensex closed at 66,707.23, up 0.52%, while the Nifty 50 closed at 19,778.10, up 0.51%.

Key factors likely to influence the Indian stock market today:

• Outcome of the Federal Reserve's meeting on interest rates.
• Release of the minutes of the Fed's June meeting.
• Performance of the global stock markets.
• Release of IIP data for June, a measure of industrial production.

Overall, the Indian stock market is expected to open positively on Thursday, but volatility may remain high due to the Fed's meeting and the release of the June meeting's minutes.