Indian stock market indices started the fresh week on a positive note on Monday as both indices gained in the opening session but the selling pressure continues to remain.
Indian indices declined by over a per cent each on Thursday, as investors await US Federal Reserve Chair Jerome Powell's remarks on the future direction of the rate trajectory.
Indian stock markets are witnessing a significant shift in investment patterns. Traditionally, foreign investors, often referred to as market movers, have had a dominant influence in the market.
Among the Nifty 50 stocks, Wipro, Tech Mahindra, HDFC Life Insurance, L&T, and HDFC Bank led the rally, emerging as the top gainers for the day. On the flip side, ONGC, Maruti Suzuki, Tata Steel, Bajaj Finance, and UltraTech Cement saw declines, limiting the market's overall gains.
Indian indices Nifty and Sensex opened flat on Friday, near the record closing of the previous day. The Nifty Index opened at 22,930 points, very close to the 23,000 mark. The Sensex also sustained Thursday's rally and opened near 75,335, close to the 75,500 mark.
At the opening bell, the Sensex was marginally down by 35.75 points, standing at 73,774.81, while the Nifty saw a slight decline of 2.20 points, reaching 22,376.20.