Stock market closed with gains; Sensex rose 356 points, Nifty crossed 25100

Vinod Nair, Head of Research at Geojit Investments Ltd., stated that the Indian market closed at a three- week high due to renewed global enthusiasm over a possible interest rate cut by the Fed. He added that progress in US- India trade talks is expected to sustain the positive momentum in the near future.

In Asian markets, South Korea' s Kospi, Japan' s Nikkei 225, and Hong Kong' s Hang Seng closed in positive territory, while Shanghai' s SSE Composite index declined. Markets in Europe mostly traded lower. US markets closed higher on Thursday.

The global oil benchmark Brent crude rose 0. 47% to $ 66. 66.72 a barrel. According to exchange data, foreign institutional investors (FIIs) sold shares worth Rs 3, 3,472.37. 37 crore on Thursday, while domestic institutional investors (DIIs) bought shares worth Rs 4, 4,045.54. 54 crore. On Thursday, the Sensex finished 123.58. 58 points or 0. 15% higher at 81, 81,548.73. 73, marking its fourth consecutive gain. The Nifty increased 32. 40 points or 0. 13% to close at a nearly three- week high of 25, 25,005.50. 50, marking its seventh consecutive gain.