Indian stock indices traded largely steady on Thursday morning after their all-time highs reached in the previous session. Meanwhile, analysts cautioned high valuation may keep investors at bay for the time being.
Indian stock indices, which have been buoyant over the past several sessions, touched their all-time highs during Wednesday's trade. The rise in domestic stocks is in tune with the global market rally and firm domestic macro fundamentals.
Indian stock indices traded positively on Wednesday morning, tracking firm cues from overseas peers and indications that the US may avoid a recession. Sensex and Nifty were 0.2-0.3 per cent higher at the time of writing this report.
Indian stock indices traded lower Tuesday morning primarily due to profit-booking investors after gains. Sensex and Nifty were about 0.4 per cent lower each at the time of writing this report.
Indian stock indices traded marginally higher Monday morning as various positive fundamentals including a firm GDP outlook, moderate inflation and strong purchases by foreign investors, prompted investors to place bets in the markets.
Indian stock indices traded higher on Friday morning, getting support from the US central bank's latest monetary policy stance - which finally paused the interest rate after raising it for over a year.
Indian stock indices traded largely steady on Wednesday morning. Sensex and Nifty traded with a minor 0.1 per cent loss each at the time of writing this report, attributable to profit booking by investors.
Indian stock indices started the new week on a steady note with investors largely eyeing May inflation data scheduled to be released this week for further course of action.
Indian stock indices managed to trade on a positive note throughout Wednesday's session and settled substantially high with all eyes now focused on the Reserve Bank of India's (RBI) decision from the ongoing bi-monthly monetary policy review.