The UAE stock markets on Thursday continued to capitalise on improved investor sentiments, with blue-chip industrial, banking and real estate stocks leading the gainers in the capital's bourse, with financials, industrials, and communication services driving the Dubai Financial Market, with
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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.
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.