The Nifty index gained 59.20 points to open at 25,023, while the BSE Sensex index was also up by 0.24 per cent, gaining 195 points to open at 81,576.93.
Domestic investors, both institutional and retail, have been showing their growing influence in the Indian stock markets for quite some time, even as their foreign counterparts have been selling shares in huge quantities over the last few trading sessions.
Indian stock markets opened with gains on Wednesday, as investor confidence received a boost following favorable assembly election results for the ruling party.
In the past five trading sessions, Indian stock markets have seen a significant erosion of investor wealth, with around Rs 13 lakh crore wiped out, according to data from the Bombay Stock Exchange (BSE).
The selling pressure continues in the Indian stock markets as the Nifty fell more than 4 per cent in the last 5 sessions, while the Sensex declined by 4.3 per cent in the last 5 trading sessions.
Selling pressure mounted on the Indian stock markets on Thursday after the SEBI regulation on F&O, and with another main reason being the continued foreign outflows from Indian markets to other Asian markets.
With Indian stock markets making new highs, the people from states like Uttar Pradesh, Rajasthan and West Bengal are participating in share markets actively, highlighted a latest report by National Stock Exchange (NSE).
The rally in Indian stocks continued on Friday as both indices, Nifty and Sensex, maintained their upward trend, with the Sensex nearing the 86,000 mark.
Indian stock markets opened flat on Wednesday as the monthly and quarterly expiry date approaches, though experts noted that the markets are still in bull mode.