Indian stock market indices traded almost flat after opening in red on the Wednesday session. The Nifty 50 closes at 22,434 by losing 18 points while Sensex closed at 73,876 by losing 27 points.
Going ahead into this week, investors will closely monitor the RBI monetary policy meeting starting Wednesday, with the outcome to be pronounced on Friday morning.
Riding on the gains from the previous financial year, Indian stock indices kicked off the new fiscal 2024-25 on a bullish note. The benchmark indices - Sensex and Nifty - hit fresh all-time highs on Monday
Indian stock market indices closed the financial year 2023-24 on a firm note, with Sensex and Nifty rising in the range of 0.8-0.9 per cent on Thursday, backed by firm economic growth forecasts by various global watchdogs and political stability at the federal level.
Firm GDP growth forecasts, inflation at manageable levels, political stability at the central government level and signs that the central bank is done tightening its monetary policy have all contributed to painting a bright picture for the Indian economy.
Indian stock market indices closed the financial year 2023-24 on a firm note, with Sensex and Nifty rising in the range of 0.8-0.9 per cent on Thursday, backed by firm economic growth forecasts by various global watchdogs and political stability at the federal level.
Indian stock market indices settled in the red on Tuesday, kicking off a holiday-truncated week in line with Asian peers, with investors now focusing on US inflation data due later this week.
The Indian stock market outlook continues to remain positive given the strength of corporate balance sheets and the healthy rise in capital expenditure, according to Motilal Oswal Private Wealth.
Indian stock indices traded firm Thursday after the opening bell, tracking a global stock rally after the US Federal Reserve, in its latest monetary policy review meeting, maintained its projection of three rate cuts this year.
Indian stock market indices traded in the red at Tuesday's opening bell over reported concerns of overheating in the small and midcaps space coupled with profit booking by investors.
Indian stock market indices extended their losses from the previous week, though marginally, tracking weak US market cues and concerns of over-heating in small and midcaps space.