Indian stock indices traded in the red for the second straight session, after snapping a six-session winning streak in the previous session. The latest decline could be attributed to profit booking and concerns among investors over high stock valuations.
At the opening bell, the benchmark Sensex surged by 85.08 points to stand at 73,142.51, indicating a bullish start. Similarly, the Nifty index gained 24.00 points to open at 22,222.60.
The Sensex, India's benchmark stock index, began trading 165.44 points lower at 72,548.72, while the Nifty 50 index, which represents the National Stock Exchange of India's top 50 companies, opened down 45.40 points at 22,061.00.
Indian stock indices settled in the green Monday, scaling higher for the fifth consecutive session, with Nifty pharma, Nifty consumer durables and Nifty FMCG gaining the most.
As the trading day commenced, the Sensex demonstrated a notable surge of 249.91 points, opening at 72,300.30. Simultaneously, the Nifty exhibited a strong performance, opening 83.95 points up at 21,994.70.
Indian stocks extended their gains to be in the green at opening bell Thursday, largely tracking a rebound in Asian and US peers after hotter-than-expected US inflation pulled them down in the previous session.
Mumbai (Maharashtra) [India], February 14: Mirae Asset Mutual Fund announces India's first Multi factor-based ETF on Nifty Smallcap250 Index, 'Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF', an open-ended scheme replicating/tracking Nifty Smallcap 250 Momentum Quality 100 Total Ret
The US stocks ended with deep cuts, after sticky US inflation data - more than estimated at 3.1 per cent in January -- triggered worries of further delay in the easing of interest rates. S&P 500 declined about 1.4 per cent Tuesday.