Sensex Today Live | Share Market Updates: Indian stock markets ended higher on Friday, marking a second day straight day of gains, shrugging off weak global cues.

Equities remained under pressure on Friday, failing to fully shake off New Year blues after US unemployment data indicated a resilient labour market, tempering expectations of Federal Reserve interest rate cuts in 2024.

Swaps traders now see around a 65% chance the Fed will cut rates by the Fed’s March meeting, down from around 85% a week ago. Friday’s key US jobs data for December may offer more clarity on the path forward for interest rates.

The latest catalyst for a paring of Fed rate-cut bets came from more resilient US labour market data on Thursday, putting less pressure on the central bank to race to ease policy.