At the closing bell, the BSE Sensex stood higher by 253 points. Meanwhile, the NSE Nifty closed higher by 61 points.

Gold is bouncing back towards the $2400 psychological level after slightly weaker US macroeconomic data was released this week.

S&P 500 extended CPI advance, but was met with rejection – how serious is that? Too early to say whether that‘s the beginning of a protracted correction, but the procession of Fed speakers yesterday and today, must be taken into account.

TXN is moving as expected within the impulsive wave structure. We are looking for at least equality of wave 3 vs. wave 1.