Indian stocks were off to a positive start Wednesday, tracking firm overnight cues from the US markets after softer-than-expected US inflation data supported the view that its central bank may be done raising interest rates.
It's a bright start to Samvat 2080 for Indian stocks. Benchmark indices soared substantially to brighten the investors' fortune during the stipulated one-hour Muhurat trading on Diwali evening.
Indian stock indices traded largely steady at the opening bell Wednesday after having rallied over the past couple of sessions or so. Benchmark Sensex and Nifty were a tad up at the time of filing this report.
Indian stock indices extended the gains they managed to accumulate last week through Monday morning opening bell, tracking firm overseas market cues. Sensex and Nifty were about 0.5 per cent higher each.
Indian stock indices carried on with their gains from the past session, in line with the global stocks, after the US central bank's less hawkish stance on the monetary policy front.
Indian stock indices extended gains from the previous session, with financial market participants closely monitoring the outcome and the policy stance of the central bank RBI to be announced at 10 am today, for fresh cues.
Indian stock indices edged marginally higher Friday morning after touching nearly a four-week low the previous session, tracking Asian peers and relatively firm overnight US market cues.
The selling spree continues in Indian stock markets for the third straight session after the US central bank while keeping its interest rate steady in the September meeting, hinted that it may again hike rates going ahead if need be, in its fight against inflation.
Going ahead into this week, investors are likely to tread carefully as the U.S. Federal Reserve's meeting scheduled Tuesday-Wednesday, its outcome due likely this midnight, will be closely monitored.
Indian stock indices opened marginally in the red on Monday, with the benchmarks witnessing mild profit booking. Investors may have taken some money off the table after the indices hit their fresh highs last week.