Indian stock indices were largely steady for the second straight day, primarily due to a lack of fresh bets at higher levels. Some investors who have recently accumulated gains could be booking their profits.
Several analysts have been pointing out that any further rally from the current peak seems unlikely as valuations were higher, and that is what seems to have been happening in the past two-odd sessions.
Indian stock indices extended their losses from the previous session and traded deep in the red Friday morning, primarily due to continued profit booking after the latest bull run -- the indices had touched all-time highs earlier this week.
Indian stock indices traded marginally lower Thursday morning, primarily due to profit booking after the latest consistent bull run. Sensex and Nifty were 0.2 per cent lower.
There is nothing that seems stopping the current rally in Indian stock indices even as several analysts lately have been pointing to high stock valuations.
The consistent inflow of foreign portfolio funds, firm economic outlook, firm global markets, and a relative moderation in inflation contributed to the latest bull run in Indian stocks.
The consistent inflow of foreign portfolio funds, firm economic outlook, firm global markets, and a relative moderation in inflation contributed to the latest bull run in Indian stocks. Foreign portfolio investors (FPIs) have remained net buyers in Indian stock markets for the fourth straigh
Foreign portfolio investors (FPIs) have remained net buyers in Indian stock markets for the fifth straight month, according to data from the National Securities Depository (NSDL).
The consistent inflow of foreign portfolio funds, firm economic outlook, and moderation in inflation contributed to the latest bull run in Indian stocks. However, several analysts have been pointing out that any further rally from the current levels is unlikely as valuations are on the hi
Continuing with their bull run, Indian stock indices touched fresh highs Thursday morning and in the process, the benchmark Sensex breached the 66,000 mark.
Investors now await retail inflation data for June to be released later today. Analysts expect inflation may see an uptick due to the sharp rise in tomato and a relative spurt in pulses prices.