Indian stock indices traded in the red Friday, a day after the Reserve Bank of India flagged concerns about possible inflationary pressures in the near term.
The Sensex opened down by 186.91 points at 65,795.75, while the Nifty, another was down by 57.85 points at 19,580.75 at the time of writing this article.
The Sensex, which experienced a dip earlier in the session, rebounded and closed up by 149.31 points at 65,995.81. The Nifty recorded a noteworthy rise of 61.70 points, closing at 19,632.55 at the time of market closing.
As the trading session unfolded, 26 shares recorded gains, 23 shares saw declines, and 2 shares remained unchanged, presenting an intricate interplay of market dynamics.
At the close of trading, the Sensex, which tracks the performance of the Bombay Stock Exchange (BSE), stood at 65,843.59, indicating a decline of 109.88 points.
The benchmark index, Sensex, showcased an impressive surge, gaining 167.31 points and settling at 65,888.56. Following suit, the Nifty also experienced a positive trajectory, gaining 20.00 points to stand at 19,537.00.
Indian stock indices traded marginally higher Friday, primarily due to some fresh buying, after they witnessed widespread selling pressure over the past two-three sessions.
Indian stock indices traded sharply lower Wednesday and settled in the red with widespread losses in all sectoral indices. The decline was primarily due to weak market sentiment in global markets.
The BSE Sensex increased 89.62 points (66,608.20) up by 0.11 per cent whereas Nifty increased 14.45 points (19,772.75) up by 0.096 per cent at the time of writing this article.