The domestic stock markets opened on a positive note on Wednesday, supported by strong global cues after Nvidia delivered yet another set of blockbuster numbers and boosted confidence around the AI hyperscaling cycle.
Bagga said, "Indian markets are seeing a mild bounce today. The reason could be short covering going into the monthly expiry on Thursday, 31st October. Traders normally have a propensity to carry over longs more frequently than shorts. Also, the FII selling pressure in the derivatives market
New Delhi [India], Mar 8 (ANI): Market indices ended significantly higher on Thursday evening trade for the first time in the last seven consecutive sessions, backed by short covering in banking and financials.
New Delhi [India], Mar. 6 (ANI): The stock markets on Tuesday morning rebounded from the Monday slump, aided by positive global cues and short covering.