The positive momentum in Indian equities continued on Thursday morning as key benchmark indices opened higher, though investors remained cautious amid global uncertainties
The Indian stock market closed lower on Tuesday, following a broader decline in Asian markets, as investors focus on July's domestic inflation data and the US inflation report, which could influence market participants' decisions.
Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, with a total outflow of Rs -17,741 crore, according to data released by NSDL.
Indian stock markets opened flat on Thursday, anticipating investor sentiments to turn positive with India and the UK formalizing the Free Trade Agreement (FTA) later in the day.
At the end of the trading session, BSE Sensex was up 442.62 points or 0.54 per cent at 82,200.34, and the Nifty 50 at National Stock Exchange (NSE) was up 122.30 points or 0.49 per cent at 25,090.70.
The positive macroeconomic indicators of Indian economy, such as income tax cuts, easing lending rates, and above-normal rainfall, have not yet translated into a revival in vehicle demand in the country, according to a report by Incred Equities.
At close of trading, the Sensex was down 375.24 points or 0.45 per cent at 82,259.24, and the Nifty declined 100.60 points or 0.40 per cent at 25,111.45.
Foreign portfolio investors (FPIs) remained net buyers in the Indian equity markets this week, making a total net investment of Rs 5,260 crore during the period from July 7 to July 11, according to data released by the National Securities Depository Limited (NSDL).
Pharmaceutical firms are expected to post 11 per cent year-on-year growth in both sales and EBITDA for the first quarter of Financial Year 2026 (Q1FY26), driven by sustained momentum across most markets, said a report by Kotak Institutional equities.
The Indian soft drink industry is expected to return to a growth rate of over 10 per cent next year, which is impacted in the current year due to weather disruptions, said a report by Systematix Institutional Equities.
Awarding of road construction projects by National Highway Authority of India (NHAI) have remained tepid for the second year in a row. A report by Nuvama Institutional Equities noted that pace of construction of roads however increased.