Indian stock indices extended their losses from the previous session and traded deep in the red Friday morning, primarily due to continued profit booking after the latest bull run -- the indices had touched all-time highs earlier this week.
Investors now await retail inflation data for June to be released later today. Analysts expect inflation may see an uptick due to the sharp rise in tomato and a relative spurt in pulses prices.
Indian stock indices rose marginally Monday morning but analysts pointed out that any further rally from the current levels is unlikely. Notably, Sensex seems to have anchored around 65,000 points.
Indian stock indices, which have been buoyant over the past several sessions, touched their all-time highs during Wednesday's trade. The rise in domestic stocks is in tune with the global market rally and firm domestic macro fundamentals.
Indian stock indices managed to trade on a positive note throughout Wednesday's session and settled substantially high with all eyes now focused on the Reserve Bank of India's (RBI) decision from the ongoing bi-monthly monetary policy review.
More than estimated GDP numbers in India, sustained foreign buying, and the US House of Representatives has passed the US debt ceiling bill indicating that the debt impasse will be resolved and will put less pressure on its economy are some of the major reasons which supported the stocks
BSE 30-share Sensex went up 123 points to settle at 62,969.13 and NSE Nifty surged 32 points and ended at 18,633.85 on Tuesday. According to data, about 1,640 shares advanced, 1,766 shares declined, and 112 shares unchanged.
BSE 30-share Sensex went down 51 points to 61,722.74 and NSE Nifty 50 lost 2 points to 18,284.20 in the morning trade on Thursday. In sectoral indices, energy, IT and financial services were trading in the negative territory on Thursday morning.
The key indices of the domestic equity market ended in the negative territory, extending the loss for the third consecutive day, amid fresh selling. Some profit bookings were seen after the recent bull run.