Indian stock indices opened Tuesday's trade on a positive note, largely due to the pause in an interest rate hike by RBI which brought cheers among investors.
Indian stock indices closed Monday's trade largely on a steady note, as investors await retail and wholesale inflation data for March due later this week.
Indian stock indices extended their gains, though marginally, on Wednesday as investors at large are eyeing the outcome of the three-day Reserve Bank of India's monetary policy committee meeting -- the first in 2023-24 which started Monday.
Largely, the fall is in line with weakness in the US markets, which are volatile as the US Federal Reserve further hiked interest rates to bring down inflation to its target even as volatility in the banking system continued due to the recent collapse of some banks.
Stock indices in India declined sharply to start the fresh week, pulled down by a sharp dip in banking and financial stocks following the collapse of two US banks in a matter of two-to-three days.
Indian stocks opened largely steady on Wednesday, but volatility seems to have remained. At the time of writing this report, the benchmark indices Sensex and Nifty were about 0.1 per cent lower each.
Till Friday, the stocks declined over concerns that global growth will continue to slow in 2023 due to monetary policy tightening by various central banks to control inflation.
The benchmark stock indices extended their losses from the past week in line with weak fundamentals in US markets, which saw its sharpest weekly decline of 2023.
Benchmark stock indices extended their losses from the previous session as market sentiments remain subdued over global inflation and subsequent monetary policy actions by various central banks.