Indian stock indices traded firmly Friday morning, the last session before the weekend, after India reported more-than-expected GDP growth in the July-September quarter of the 2023-24 fiscal year.
Indian stock indices opened largely unchanged on Thursday, to later trade marginally in the red. The relative weakness was likely because investors resorted to profit booking after a bumper Wednesday session, and ahead of Assembly exit polls of five states later this evening.
The exit polls due on Thursday are likely to give indications of the Assembly election outcomes and its impact on the crucial General election in 2024.
Options data indicates a broader trading range between 19600 to 20000 zones, with an immediate range of 19700 to 19900 zones. The weekly scenario reveals Maximum Call Open Interest (OI) at 19900, followed by 20000 strikes, while Maximum Put OI is observed at 19800, then 19700 strikes.
Indian stocks were steady as the opening bell rang on Tuesday, largely due to the absence of any particular fresh cues. Investors in the US market too took a breather after the Thanksgiving holiday.
Closing at 65,940.27, the Sensex experienced a decline of 36.57 points, while the Nifty ended 6.00 points lower at 19,790.55. Within the Nifty companies, 19 witnessed advances, but 31 showed declines.
Nifty, opening on a flat note due to the US holiday yesterday and a half-trading day today, displayed resilience in a narrow range trade yesterday, closing marginally down by 5 points but maintaining a position above the crucial 19800 mark.
The Sensex marked a 5.43-point downturn, closing at 66,017.81, while the Nifty followed suit with a 9.85-point decline, settling at 19,802.00. Among Nifty companies, 25 witnessed advances, while 25 faced declines.
Indian stocks were in the green, though marginally, at the opening bell Wednesday. The upside was likely limited due to overnight losses in the global benchmark US market.
At the closing bell, the BSE Sensex reported a dip of 139.58 points, settling at 65,655.15, while the NSE Nifty declined by 37.80 points, closing at 19,694.00.