Indian stock markets will remain in the 'corrective to consolidation' phase for the next 3 to 4 months, according to a report by Motilal Oswal Wealth Limited.
Among Nifty 50 companies, only 13 stocks advanced, while 37 declined. The top gainers included Hindalco, Tata Steel, Eicher Motors, Larsen & Toubro (LT), and SBI Life, whereas Mahindra & Mahindra (M&M), Adani Ports, BPCL, Tata Motors, and Adani Enterprises emerged as the biggest
Indian stock markets opened flat on Thursday, reversing the selling trend witnessed earlier on Wednesday, as the markets are in a wait-and-watch mode on PM Modi's US visit.
Market breadth was weak, with only 11 Nifty companies advancing, while 39 declined. Kotak Bank, Bharti Airtel, Britannia, Tata Consumer Products, and HCL Tech emerged as the top gainers, while Trent, Power Grid, Tata Steel, Titan, and ONGC were the worst performers of the session.
The BSE Sensex declined by 197.97 points, closing at 77,860.19, while the NSE Nifty lost 43.40 points, ending the session at 23,559.95. Out of the Nifty 50 stocks, 28 advanced while 23 declined.
Out of the Nifty 50 companies, 21 stocks advanced while 30 declined. Among the top gainers were Cipla, Adani Ports, ITC Hotels, Dr. Reddy's, and HDFC Life. On the other hand, Trent, BEL, Bharti Airtel, Titan, and ONGC emerged as the biggest losers, dragging the index lower.
The Indian stock market opened on a positive note on Wednesday, with both benchmark indices trading in the green as Trump tariff threat seen as a negotiating tools
Investor sentiment improved significantly, with 39 Nifty stocks advancing and 12 declining. Among the top gainers in the Nifty 50 were Shriram Finance, Larsen & Toubro (LT), Bharat Electronics Limited (BEL), IndusInd Bank, and Adani Ports. On the other hand, Trent, ITC Hotels, Britannia,