The stock market on the last trading day of this week ended flat after a volatile session, as investors are waiting for the speech by Federal Reserve Chair Jerome Powell at the Jackson Hole Economic Policy Symposium later today.
The stock market on Thursday closed with minor gains in a rangebound session. On Thursday, the NSE Nifty 50 edged up by 0.16 per cent to close at 24,810.20, while the BSE Sensex gained 0.14 per cent, ending at 81,017.40.
Indian stock indices managed to hold on to the early gains it accumulated on Wednesday, to close the day in the green. The stock indices had opened largely flat today, as investors took a breather after a four-session rally.
The persistent lack of development and the perceived indifference of successive governments have fostered a sense of alienation and frustration among its residents. Many lament that even basic amenities like safe drinking water are often out of reach.
Indian benchmark indices opened with gains on Tuesday following the rally in the Asian and US markets. Experts stated that the rally could push markets to new all-time highs.
The benchmark indices Sensex and Nifty closed flat on Monday. The market in the initial trading hours was buoyed by the reduction in windfall tax on crude oil and favourable global cues, ending flat after the trading session.
The Indian benchmark indices gained in the opening session on Monday, starting the week on a positive note following the global stock market sentiments.
The Indian stock market on Monday will be driven by favourable global cues and domestic economic data such as the HSBC India Manufacturing PMI and HSBC India Services PMI, as per the market analysts.