Indian stock markets are witnessing a significant shift in investment patterns. Traditionally, foreign investors, often referred to as market movers, have had a dominant influence in the market.
Among the Nifty 50 stocks, Wipro, Tech Mahindra, HDFC Life Insurance, L&T, and HDFC Bank led the rally, emerging as the top gainers for the day. On the flip side, ONGC, Maruti Suzuki, Tata Steel, Bajaj Finance, and UltraTech Cement saw declines, limiting the market's overall gains.
Snapping six-day losses, Indian stock indices closed in green Tuesday, primarily due to buying at lower levels and with BJP heading for a third straight term in Haryana.
Indian stock indices closed in red Monday, logging sixth straight session losses, with analysts attributing the fall to a consolidation after the recent bull run.
Stock indices in India remained largely steady through Tuesday, to settle the session marginally low, due to continued profit booking. This is the third consecutive session fall in the indices.
Indian stock market indices Nifty and Sensex opened flat on Tuesday as the markets entered a consolidation phase after foreign investors turned towards other Asian markets like China and Hong Kong.
The rally in Indian stocks continued on Friday as both indices, Nifty and Sensex, maintained their upward trend, with the Sensex nearing the 86,000 mark.