Over the past five sessions, the Sensex has advanced around 2.3 per cent and the Nifty about 2 per cent, lifted by optimism around proposed Goods and Services Tax (GST) reforms. Experts note that strong domestic inflows and stable global cues have further strengthened investor confidence.
Indian stock markets opened flat on Tuesday as continuous foreign portfolio investor (FPI) outflows kept indices in check, even as the government recently announced several consumption-boosting measures.
Indian stock markets ended on a positive note, extending their upward momentum as the market participants reacted positively to the upcoming GST reforms and developments in the Russia-Ukraine peace talks.
The Indian stock markets could see a major boost over the coming year as the government's move to rationalize Goods and Services Tax (GST) is expected to lift growth and sentiment.
Indian stock markets opened on a cautious note on Tuesday, with both benchmark indices trading flat in the early session. Investors stayed watchful amid the ongoing Ukraine peace process and awaited global cues.
Indian stock markets ended higher on Monday with the BSE Sensex closing 676 points higher at 81,273.75, while the Nifty50 settled at 24,876.95, up 246 points or one per cent. Earlier in the session, Nifty had briefly crossed the 25,000 mark, touching an intraday high of 25,022.
Indian stock markets opened with a strong rally on Monday as investor sentiment improved following the government's announcement of GST cuts and the sovereign rating upgrade for India by S&P Global.
Indian stock markets opened flat on Thursday, marking a cautious start to the last trading session of the week as markets are closed on Friday for Independence day holiday.
Indian stock benchmarks settled higher on Wednesday, backed by a continued decline in headline inflation and some buying at lower levels. Firm global cues also supported the indices.
Indian stock markets opened on a positive note on Wednesday as investor sentiment was lifted by further moderation in domestic inflation and strong global cues.
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.
Indian stock markets opened on a cautious note on Monday, with investors awaiting a positive outcome from the US-Russia meeting scheduled for this weekend.