Indian stock indices were largely steady Thursday morning, largely due to a lack of fresh cues. Sensex and Nifty were just 0.05-0.1 per cent higher at the time of filing this report.
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The benchmark index, Sensex, showcased an impressive surge, gaining 167.31 points and settling at 65,888.56. Following suit, the Nifty also experienced a positive trajectory, gaining 20.00 points to stand at 19,537.00.
Foreign portfolio investors (FPIs) have remained net buyers in Indian stock markets for the fifth straight month, according to data from the National Securities Depository (NSDL).
The BSE Sensex increased 89.62 points (66,608.20) up by 0.11 per cent whereas Nifty increased 14.45 points (19,772.75) up by 0.096 per cent at the time of writing this article.
Indian stock market experienced an increase in value with 0.29 per cent hike in the Nifty and 0.23 per cent hike in the Sensex on Thursday after the US Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday.
Indian Stock Market remain unchanged at the end of the Wednesday. As the market closed, the Nifty and sensex was 0.5 per cent higher. Investors wait for the outcome of the US Fed Monetary Policy meeting which is yet to be announced by July 25–26 mid-night (IST).