Indian stock indices continued to trade on a steady note on Wednesday. At the opening bell, Sensex and Nifty were just 0.07 per cent lower from the previous closing.
At the time of market closing, the BSE Sensex had surged by 267.43 points to reach a closing value of 65,216.09. Simultaneously, the NSE Nifty index climbed by 83.45 points, ending the trading session at 19,393.60.
Investors welcomed the week with optimism as economic indicators and global cues favoured a bullish start to the trading day, ahead of Jio Financial Services’ listing on stock exchanges.
The Nifty index initially faced a downward trend, finding support around the 19,250 mark before making a rebound. However, the overall sentiment in the market remains uncertain as it grapples with an ongoing retracement from its recent peak.
The opening bell saw the Sensex edging lower by 206.66 points, opening at 64,957.18, while the Nifty also began on a downtrend, slipping 68.80 points to start at 19,315.30.
Indian stock indices plunged Thursday morning tracking weak global benchmark US markets, which fell as its central bank Federal Reserve said another hike in interest rate may be needed to tame inflation and bring it to 2 per cent target.
Market sentiment was marked by fluctuations as investors observed a decline in both the Sensex and Nifty indices, reflecting a broader trend of uncertainty in the financial landscape.