The market experts believe that the investors are buoyed by the hopes of developments in the India-US trade deal and a rate cut by the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI).
Indian stock indices slumped sharply after early morning gains on Friday, with analysts attributing it to risk aversion and cautious approach from the investors in the awake of Pahalgam terror attack.
Indian stock indices remained in the green for the seventh straight session, and in the process, Sensex regained the 80,000 levels. Sensex is still some 6,000 points from its peak.
Indian stocks witnessed a bloodbath as the new week kicked off, triggered by the Trump reciprocal tariffs. These tariffs have set off a sell-off in equities globally, and India was no exception.
Indian stock indices continued to remain volatile over concerns about Trump's tariff announcements and weak global cues. The benchmark indices opened in the red to later trade in the green. At closing, it closed marginally lower.
Indian stock indices closed largely steady on Tuesday, snapping the uptrend they witnessed for the past two sessions.
The recent jump, barring today, helped indices recover some of the recent losses. Indices gained nearly 4 per cent over the past couple of sessions.
Sensex closed at 80,004