Risk aversion in Indian stocks continued on Thursday morning, as the indices opened the session on a negative note. After a stellar rally over the past few weeks, markets faced some resistance this week.
Calling the NDA "negative," Samajwadi Party Chief Akhilesh Yadav on Monday accused the Bharatiya Janata Party of stealing the reservations of backward class, Dalits and tribes, adding that after June 4, politics of "negativity" will be over.
The S&P BSE Sensex breached the remarkable 76,000-mark for the first time, hitting 76,010, while the NSE Nifty50 scaled a new summit at 23,111 before retracting into negative territory.
Tripura BJP state President Rajib Bhattacharjee said that the Citizenship Amendment Act would never have any negative impact on the socio-economic conditions of the country as the cut off set for the implementation of the CAA dates back to 2014.
The selling pressure in the Indian markets persists with the FPI (Foreign Portfolio Investment) selling during May standing at Rs 17,848 crore so far this month. Data from the National Securities Depository Limited (NSDL) shows that the net FPI investment is negative for May.
Shedding light into what he claimed were prevailing 'misconceptions' surrounding India in the West, Sam Stevenson, the assistant editor of the UK-based newspaper, Daily Express, said Europe and the West are 'inundated' with 'unfavourable narratives' about India, primarily propagated by th
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.
Ajay Bagga, banking and market expert, commented on the market situation, stating, "India Vix has moved up every day for the last 10 days, rising 67 per cent over this period. Markets are very volatile, and sustained FII selling in secondary markets is a negative for the Indian markets. Expe
The Sensex opened 192.45 points down at 73,319.40, while the Nifty started the day 68.95 points lower at 22,233.55. Among the Nifty firms, 16 witnessed advances while 34 faced declines in early trade.