Indian stock indices started fresh week largely on a steady note, with weak cues from global benchmark US markets coupled with uncertainty over monetary policy rates in the US.
The benchmark BSE Sensex witnessed a downturn, shedding 187.75 points to close at 65,794.73. Similarly, the NSE Nifty50 retreated by 33.40 points, settling at 19,731.80.
The Sensex began the day 64.61 points down at 65,889.67, while the Nifty started 9.80 points lower at 19,758.75. The opening figures indicated a mixed trend among Nifty companies, with 35 advancing and 14 declining.
Sensex soared by 306.55 points, reaching 65,982.48, while Nifty exhibited strength, closing 89.75 points higher at 19,765.20. The bullish momentum was further highlighted by advances outnumbering declines among Nifty companies.
As the market unfolded, the benchmark Sensex experienced a dip of 120.45 points, commencing at 65,555.48. Simultaneously, the Nifty witnessed a decline of 33.45 points, initiating the session at 19,642.00.
Indian stocks were off to a positive start Wednesday, tracking firm overnight cues from the US markets after softer-than-expected US inflation data supported the view that its central bank may be done raising interest rates.
It's a bright start to Samvat 2080 for Indian stocks. Benchmark indices soared substantially to brighten the investors' fortune during the stipulated one-hour Muhurat trading on Diwali evening.