India's benchmark equity indices opened in the red on Thursday as investors stayed cautious amid the ongoing counting of votes for the politically crucial Bihar Assembly elections.
Indian stock indices settled the Thursday trade largely steady, after witnessing a rollercoaster session, with intraday highs and lows around 600 points apart.
A rally in gold prices could be setting the stage for a positive phase in Indian equities over the next 12 months, according to a report by JM Financial.
The domestic stock markets opened on a strong note today, gaining over 0.5 per cent, as exit polls indicated a comfortable majority for the ruling coalition in Bihar.
The domestic benchmark indices opened with marginal gains on Tuesday, tracking positive global cues and cautious investor sentiment ahead of key state election exit polls.
The Indian stock market is expected to perform better in the coming year, with Nifty likely to touch a new high of 29,000 by the end of 2026, showing an upside of 14 per cent, according to a report by Goldman Sachs.
The domestic stock market opened on a flat note on Monday, continuing its sideways movement as investors remained cautious ahead of key domestic and global events. Both benchmark indices registered marginal gains in early trade.
The selling spree continued in Indian stock markets on Friday, as both key indices extended their weekly losses, slipping nearly 1 per cent amid weak investor sentiment and a lack of clarity on the much-anticipated India-US trade deal.
The domestic stock markets opened flat on Thursday as investors closely monitored the Bihar assembly election voting. The outcome of the Bihar polls holds significant importance given central government dependence on coalition partners.