Indian stock indices are off to a strong start at the opening bell Thursday, tracking firm overnight cues from US markets which rose after a softer-than-expected US consumer inflation in April.
Indian stock indices started Wednesday's session marginally higher, keeping the positive momentum intact for the fourth straight session, primarily tracking positive cues from the US markets which rose overnight.
Indian stock indices opened marginally in the green Tuesday, extending the positive momentum from the previous session closing, primarily due to fresh buying after the latest dip.
Analysts asserted that a strong US dollar, uncertainty in Lok Sabha elections outcome after a decreasing voter turnout trend seen so far in the three phases that went to vote, and a profit booking after the recent rally hurt the markets.
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.
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.