Indian stock indices surrendered most of their gains from Thursday as the session progressed, mainly due to US sanctions on key Russian crude majors and indications that the US deal may not be finalised soon, analysts said. Profit booking by investors also likely weighed on the stock indi
Indian stock indices stayed in the green for the fourth straight session, lending support from positive global cues, relative peace on the Israel-Iran conflict front, and a possible extension of the July 9 tariff deadline by the US administration.
The Indian stock indices ended on a strong note and surged after the larger-than-expected policy rate cut, reflecting elevated optimism among the market participants on the last trading day of the week.
Indian stock indices remained in the green for the second straight day on hopes that the India-US trade deal is on the anvil, as Trump's commerce secretary recently indicated.
BSE Sensex ended at 81,721.08, up 769.08 points or 0.95 per cent, while the Nifty 50 at the National Stock Exchange (NSE) was at 24,853.15, up 243.45 points or 0.99 per cent.
On Wednesday, Sensex closed at 81,596.63 points, up 410.20 points or 0.51 per cent, while Nifty closed at 24,813.45 points, up 129.55 points or 0.52 per cent
Indian stock indices slumped for the third straight session, possibly due to continued profit booking, while investors awaited further updates on India-US trade deal negotiations.
The declines are possibly due to the profit-booking following the latest rally. Sensex is now some 4,000 points below its all-time high of 85,978 points.