The Sensex observed a dip of 169.18 points, initiating the day at 70,891.13, while the Nifty recorded a decline of 40.40 points, starting at 21,413.55. The early market activity reflected the prevailing uncertainties in the global economic landscape.
Continuing with the gains made during the morning session, Indian stocks closed Wednesday's trade in the green. The markets witnessed a bloodbath during the previous session -- Sensex fell over 1,000 points -- due to a host of reasons including high valuations, foreign portfolio investors
The latest data available from the National Securities Depository Limited (NSDL) showed that the FPIs sold Indian stocks worth Rs 16,601 crore in January.
Indian stocks were in the green Wednesday morning, after a bloodbath during the previous session -- Sensex fell over 1,000 points -- due to a host of reasons including high valuations, foreign portfolio investors lately pulling out funds from India, and a mild profit booking.
Firm GDP growth forecasts, inflation at manageable levels, political stability at the central government level, and signs that the central bank is done with their monetary policy tightening have painted a bright picture for the Indian stock market.
The campaign aims to reaffirm the nation's collective commitment to the principles enshrined in the Constitution of India and celebrate the shared values that bind our nation. This nationwide initiative envisages instilling a sense of pride and responsibility to uphold the ideals outlined in
Benchmark indices--Sensex and Nifty--were 0.7-0.8 per cent higher from the Saturday closing. Among the widely-tracked Nifty 50 stocks, 39 advanced and the rest 11 declined at the opening bell.
The combined value of shares listed on Indian exchanges reached USD 4.33 trillion as of Monday's close, versus USD 4.29 trillion for Hong Kong, according to data compiled by Bloomberg.
Indian stock exchanges are closed Monday on the occasion of pran pratistha of Ram Temple in Ayodhya, with normal trading activities to resume on Tuesday.
"This is a great moment; the temple has resurrected from that place after 500 years, and naturally, there is a great sense of celebration in the whole country," spiritual guru Sri Sri Ravi Shankar told ANI.
The BSE trading session is ongoing on Saturday after a long time. Moreover, trading on the National Stock Exchange will remain closed on January 22 as the Maharashtra government has announced a holiday owing to the Pran Pratishtha ceremony.