The Indian stock indices ended on a strong note and surged after the larger-than-expected policy rate cut, reflecting elevated optimism among the market participants on the last trading day of the week.
Indian stock indices remained in the green for the second straight day on hopes that the India-US trade deal is on the anvil, as Trump's commerce secretary recently indicated.
Snapping three-day losses, Indian stock benchmarks settled in the green on Wednesday, on hopes that the India-US trade deal is on the anvil as was indicated by Trump's commerce secretary.
The Nifty Bank opened at 55,060, up by 182.85 points, or 0.33 per cent. The Nifty Midcap 100 also opened in green at 56,249.60, up 66.90 points or 0.33 per cent.
Indian stock indices slumped for the third straight session, possibly due to continued profit booking, while investors awaited further updates on India-US trade deal negotiations.
Indian stock indices - Sensex and Nifty - edged lower for the second straight day as the ongoing tensions between Indian and Pakistan have escalated to another level.
The Indian stock markets witnessed profit-booking on Tuesday amid the continued rising geopolitical tensions between India and Pakistan and ended on a negative note.
Indian stock markets remained closed on Thursday, May 1, in observance of Maharashtra Day. Both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) suspended trading for the day.