Snapping a four-day winning streak, Indian stock indices closed sharply lower on Thursday, primarily due to risk aversion by investors amid weak global cues.
In the Nifty 50 index, 19 shares opened with advance while 31 shares in the list opened in red. Axis bank, Eicher Motors and HCL Technologies were among the top gainers in the Nifty 50. While the Kotak Mahindra Bank, Hindustan Unilever Ltd and Tata consumer were made into the list of top
Indian stock indices marked the third straight session of gains on Wednesday, largely due to buoyancy in the manufacturing and services sector as reflected in the PMI data.
Indian stock market opened with modest gain on Wednesday marking the third consecutive session in the upward gain. The markets gained after the reduced global tensions and strong corporate earnings for the March quarter.
The National Stock Exchange of India (NSE) to start derivatives on Nifty Next 50 Index (NIFTYNXT50) from today. Securities and Exchange Board of India (SEBI) has approved derivatives on the Nifty Next 50 Index on NSE.
Among the Nifty companies, 24 saw advances while 25 faced declines. Grasim, Bharti Airtel, Nestle India, Maruti, and Tata Motors emerged as the top gainers, while Sun Pharma, BPCL, Reliance, Dr Reddy, and Hindalco were among the top losers.
Indian stock markets opened in green on Tuesday's trading session. Sensex opened at 73,971.45 gaining 322.83 points and 0.44 per cent while the Nifty opened at 22,426.45 gaining 90.05 points, which is 0.4 per cent gain buoyed by positive global cues.
Indian stock indices started the fresh week in the green, carrying over positive momentum from the past week's closing, possibly due to fresh buying on dips.
Volatility returned in Indian stock markets after a smooth rally at the start of April month. The current volatility is primarily driven by Foreign Institutional Investor (FII) selling activity. Despite inflows in the primary markets, secondary markets have experienced significant sell-offs