Indian stock market experienced an increase in value with 0.29 per cent hike in the Nifty and 0.23 per cent hike in the Sensex on Thursday after the US Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday.
They were largely steady for the past two sessions, primarily due to a lack of fresh bets at higher levels. Some investors who recently accumulated gains were apparently booking their profits.
Indian stock indices were largely steady for the second straight day, primarily due to a lack of fresh bets at higher levels. Some investors who have recently accumulated gains could be booking their profits.
Several analysts have been pointing out that any further rally from the current peak seems unlikely as valuations were higher, and that is what seems to have been happening in the past two-odd sessions.
Indian stock indices extended their losses from the previous session and traded deep in the red Friday morning, primarily due to continued profit booking after the latest bull run -- the indices had touched all-time highs earlier this week.
There is nothing that seems stopping the current rally in Indian stock indices even as several analysts lately have been pointing to high stock valuations.
The consistent inflow of foreign portfolio funds, firm economic outlook, firm global markets, and a relative moderation in inflation contributed to the latest bull run in Indian stocks.
The consistent inflow of foreign portfolio funds, firm economic outlook, firm global markets, and a relative moderation in inflation contributed to the latest bull run in Indian stocks. Foreign portfolio investors (FPIs) have remained net buyers in Indian stock markets for the fourth straigh