The Sensex saw a modest gain of 6.75 points, opening at 71,729.64, while the Nifty rose by 5.95 points, commencing the day at 21,731.64. The market performance was indicative of a cautious optimism among investors.
Foreign portfolio investors have aggressively sold Indian stocks in January, turning net sellers in the Indian equity market, after making a beeline to accumulate domestic stocks during the past two months--November and December.
Indian stock indices started Tuesday's session marginally in the red after a sharp jump during the previous session. Benchmark Sensex and Nifty were about 0.1 per cent lower than their previous day's closing at the opening bell today.
Indian stock indices started off Monday session in the green after a truncated trading week. Benchmark Sensex and Nifty were 0.6 per cent higher each at 71,107.46 (up 407 points) and Nifty 21,475.90 (up 123 points), respectively, at the opening bell.
The Sensex observed a dip of 169.18 points, initiating the day at 70,891.13, while the Nifty recorded a decline of 40.40 points, starting at 21,413.55. The early market activity reflected the prevailing uncertainties in the global economic landscape.
Continuing with the gains made during the morning session, Indian stocks closed Wednesday's trade in the green. The markets witnessed a bloodbath during the previous session -- Sensex fell over 1,000 points -- due to a host of reasons including high valuations, foreign portfolio investors
The latest data available from the National Securities Depository Limited (NSDL) showed that the FPIs sold Indian stocks worth Rs 16,601 crore in January.
Indian stocks were in the green Wednesday morning, after a bloodbath during the previous session -- Sensex fell over 1,000 points -- due to a host of reasons including high valuations, foreign portfolio investors lately pulling out funds from India, and a mild profit booking.
Firm GDP growth forecasts, inflation at manageable levels, political stability at the central government level, and signs that the central bank is done with their monetary policy tightening have painted a bright picture for the Indian stock market.
Benchmark indices--Sensex and Nifty--were 0.7-0.8 per cent higher from the Saturday closing. Among the widely-tracked Nifty 50 stocks, 39 advanced and the rest 11 declined at the opening bell.