The Indian stock markets entered a consolidation phase on Thursday, with benchmark indices Nifty and Sensex opening almost flat, while IT stocks remained under pressure and silver prices witnessed a sharp fall.
At the time of closing, Sensex was at 83,739.75, up by 2072 points or 2.5 per cent, while Nifty was at 25,727, up by 639 points or 2.5 per cent. In terms of sectors, all the major indices traded in the green.
Indian stock indices recovered on Monday, though not entirely, after the Budget day nosedive, partly due to value buying and weakening global crude oil prices.
During the presentation of the Union Budget 26-27, the Finance Minister, Nirmala Sitharaman, proposed to introduce a market-making framework with suitable access to funds and derivatives on corporate bond indices. She also proposed introducing total-return swaps for corporate bonds.
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At the time of market closing, Sensex was up 397.74 points or 0.49% at 82,307.37 while Nifty was up 132.40 points or 0.53% at 25,289.90. Indian rupee ended higher at 91.62 per dollar against previous close of 91.7.
The domestic stock markets continued their weak trend on Wednesday, with benchmark indices opening in the red amid subdued global cues and rising risk aversion.
Indian benchmark indices opened on a flat to negative note, reflecting a cautious sentiment across domestic markets. Among the sectors, Realty, Consumer Durables, Auto, IT, Metal, and Pharma indices witnessed fall. Rupee traded flat near 90.90 remaining range-bound with participants awaiting
Indian benchmark indices open on a flat to negative note on Tuesday, reflecting a cautious sentiment across domestic markets. According to the indices, the Sensex traded at 83,224.93, down by 21.25 points or 0.03 per cent, while the Nifty 50 stood at 25,574.55, declining 10.95 points or 0.04
Indian equity benchmarks commenced the fresh trading week on a downward trajectory on Monday, as global risk appetite seemed to have faded following new international trade threats. The Sensex and Nifty closed 0.4 per cent lower each today.