Indian stock markets have generated an impressive performance during the FY 2023-24. The Nifty 50 index delivered a substantial return of 29 percent in FY 24.
Indian stock indices rose marginally Thursday morning after they witnessed mild losses in the previous session. Today's positive momentum could be linked to record GST collection in April coupled with overall stability in the economy.
Foreign portfolio investors (FPIs) have turned net sellers in Indian stocks in April, after remaining net buyers in the two preceding months, as the ongoing geopolitical crisis in the Middle East coupled with strength US bond yield likely pushed investors to take money off their portfolios.
Indian stock indices continued their gains from where they left the previous session, though marginally, supported by strong US markets coupled with improved investor sentiment with the relative easing of tensions in the Middle East.
This week will be dominated by the corporate earnings releases and the highly anticipated Federal Open Market Committee (FOMC) meeting scheduled for April 30 to May 1.
Indian stocks opened higher on Monday morning, backed by strong US markets which showed a robust performance on Friday. Also, improved investor sentiment with the relative easing in tensions in the Middle East and declining oil prices supported the Indian stocks.
Foreign portfolio investors (FPIs) have turned net sellers in Indian stocks lately, after the ongoing geopolitical crisis in the Middle East, which has likely pushed investors to take money off their portfolios.
Snapping a four-day winning streak, Indian stock indices closed sharply lower on Thursday, primarily due to risk aversion by investors amid weak global cues.
Indian stock indices marked the third straight session of gains on Wednesday, largely due to buoyancy in the manufacturing and services sector as reflected in the PMI data.
Indian stock market opened with modest gain on Wednesday marking the third consecutive session in the upward gain. The markets gained after the reduced global tensions and strong corporate earnings for the March quarter.
Indian stock markets opened in green on Tuesday's trading session. Sensex opened at 73,971.45 gaining 322.83 points and 0.44 per cent while the Nifty opened at 22,426.45 gaining 90.05 points, which is 0.4 per cent gain buoyed by positive global cues.
Indian stock indices started the fresh week in the green, carrying over positive momentum from the past week's closing, possibly due to fresh buying on dips.