Going ahead into this week, investors are likely to tread carefully as the U.S. Federal Reserve's meeting scheduled Tuesday-Wednesday, its outcome due likely this midnight, will be closely monitored.
Indian stock indices opened marginally in the red on Monday, with the benchmarks witnessing mild profit booking. Investors may have taken some money off the table after the indices hit their fresh highs last week.
The Sensex closed the day with a gain of 319.63 points, settling at 67838.63. Similarly, the Nifty surged by 89.25 points to reach a closing figure of 20192.35. This bullish trend was further supported by the performance of individual stocks.
Indian stock indices touched fresh highs on Friday, largely due to strong overnight cues from US markets and consistent fund inflows by foreign portfolio investors.
In the Nifty index, 28 companies recorded advances, 21 registered declines, and 1 remained unchanged, reflecting a mixed trading sentiment among investors.
At the commencement of the trading day, the Sensex exhibited a green signal, surging by 179.77 points to reach 67,646.76. Similarly, the Nifty opened in positive territory, with a gain of 66.35 points, taking it to 20,136.65.
Indian stock indices were subdued Wednesday, with the benchmarks witnessing mild profit booking, meaning the investors are taking some money off the table.
As the market came to a close, the Sensex surged by 550.99 points, reaching 67,127.08, while the Nifty witnessed a substantial uptick of 176.40 points, closing at 19,996.35, marking an all-time high.