Indian stock markets opened on a cautious note on Friday, as investors remained in a wait-and-watch mode ahead of the Reserve Bank of India's key monetary policy announcement. The policy decision is scheduled to be announced at 10 AM.
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.
The market experts believe that the investors are buoyed by the hopes of developments in the India-US trade deal and a rate cut by the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI).
The Indian stock markets opened in red territory on Tuesday, indicating a volatile trading session during the day and a cautious approach of investors amid global uncertainties and mixed domestic cues.
BSE Sensex ended at 81,721.08, up 769.08 points or 0.95 per cent, while the Nifty 50 at the National Stock Exchange (NSE) was at 24,853.15, up 243.45 points or 0.99 per cent.
On Wednesday, Sensex closed at 81,596.63 points, up 410.20 points or 0.51 per cent, while Nifty closed at 24,813.45 points, up 129.55 points or 0.52 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.