Indian stocks were off to a positive start Wednesday, tracking firm overnight cues from the US markets after softer-than-expected US inflation data supported the view that its central bank may be done raising interest rates.
Indian stock indices traded largely steady at the opening bell Wednesday after having rallied over the past couple of sessions or so. Benchmark Sensex and Nifty were a tad up at the time of filing this report.
Indian stock indices extended the gains they managed to accumulate last week through Monday morning opening bell, tracking firm overseas market cues. Sensex and Nifty were about 0.5 per cent higher each.
Snapping two weeks of cumulative losses, Indian stock indices regained some of their lost ground. Benchmark Sensex and Nifty were 0.5 per cent higher each at the time of the closing bell Friday.
Indian stock indices carried on with their gains from the past session, in line with the global stocks, after the US central bank's less hawkish stance on the monetary policy front.
Indian stock indices extended losses from the past week's closing, though marginally, and all eyes are now on a series of Q2 company earnings of sectoral majors coupled with wholesale inflation data for September due later in the day.
Indian stock benchmark indices stayed in the green Wednesday, extending gains they accumulated during the previous session. Sensex and Nifty are half a per cent higher from Tuesday's closing bell.
Indian stock indices extended gains from the previous session, with financial market participants closely monitoring the outcome and the policy stance of the central bank RBI to be announced at 10 am today, for fresh cues.
The benchmark Sensex began the day on a low note, opening at 65,001.81, marking a decline of 499.52 points. Similarly, the Nifty also started in negative territory, opening at 19,393.00, recording a substantial drop of 135.75 points.
At the closing bell, the Sensex reported a decline of 323.09 points, settling at 65,505.32, while the Nifty also ended in the red, closing 109.55 points lower, at 19,528.75.