Indian stock markets opened on a positive note on Thursday, with investors maintaining a cautious stance ahead of the Reserve Bank of India's (RBI) interest rate decision.
The Sensex started 43.69 points lower at 76,489.27, while the Nifty saw a marginal decline of 5.30 points, opening at 23,157.80. Among Nifty 50 companies, 35 stocks advanced, 15 declined, and one remained unchanged.
Among the Nifty 50 stocks, 34 registered advances, 15 recorded declines, and 2 remained unchanged. The top gainers included Bajaj Auto, Cipla, Infosys, BEL, and Shriram Finance, while HDFC Life, JSW Steel, NTPC, Hindustan Unilever, and Nestle India were the top losers.
Despite the marginal uptick, investor sentiment remains cautious amid global and domestic concerns. Of the Nifty 50 companies, 27 saw advances, 22 registered declines, and two remained unchanged in early trade.
Indian stock indices closed the week on a low, hinting that the volatility was far from over. On Friday, Sensex closed at 76,619.33 points, down 423.49 points or 0.55 per cent, while Nifty closed at 23,203.20 points, down 108.60 points or 0.47 per cent. Nifty IT slumped the most at 2.68 per
Indian stock markets are expected to remain sensitive to the market triggers such as corporate earnings, key macroeconomic data, including CPI and WPI inflation, and foreign fund outflows amid the ongoing corrective phase, according to the market experts.
Indian stock indices settled in the red for the third straight day on Friday, the last session of the current week, due to looming uncertainties around President Donald Trump-elect's likely actions post his inauguration.