After a largely stable Tuesday, Indian stock indices kicked off today's session on a positive note, continuing with the bull run trend of the past several sessions.
Analysts believe that investors will keep an eye on the US Fed interest rate decision, India's inflation data, and the decisions of the new government will be on the watch list for the upcoming week starting from Monday.
Indian benchmark indices on Wednesday deviated from their three-day winning streak and concluded in negative territory amidst cautious sentiment of investors preceding the release of crucial US inflation data and the ongoing elections.
The Indian stock market gears up for a cautious opening on Friday, as the aftermath of high inflation and deferred rate cut expectations in the US market. On Wednesday US markets tumbled after inflation data delayed rate cuts hopes beyond June.
Indian stock indices started Tuesday's trade in the green and hit their fresh highs, extending positive momentum from gains from the previous session and last week, the first week of the new financial year that started on April 1.
Indian stock indices started Monday's trade in the green and hit their fresh highs, extending positive momentum from gains it recorded in the first week of the new financial year that started on April 1.
Indian stock market indices settled in the red on Tuesday, kicking off a holiday-truncated week in line with Asian peers, with investors now focusing on US inflation data due later this week.
The inflation data--both for retail and wholesale--set to be released this week will be on investors' radar for fresh cues. Retail inflation data will be released later in the day today.
US Fed had raised interest rates from near zero to now 5.25-5.50 per cent in the fight against inflation. Raising interest rates is a monetary policy instrument that typically helps suppress demand in the economy, thereby helping the inflation rate decline.