The Nifty index gained 59.20 points to open at 25,023, while the BSE Sensex index was also up by 0.24 per cent, gaining 195 points to open at 81,576.93.
Domestic investors, both institutional and retail, have been showing their growing influence in the Indian stock markets for quite some time, even as their foreign counterparts have been selling shares in huge quantities over the last few trading sessions.
Indian stock markets opened with gains on Wednesday, as investor confidence received a boost following favorable assembly election results for the ruling party.
The Indian equity markets are facing a short-term pressure because of the moderating corporate earnings and the rising geopolitical tensions, highlighted a report by Motilal Oswal.
In the past five trading sessions, Indian stock markets have seen a significant erosion of investor wealth, with around Rs 13 lakh crore wiped out, according to data from the Bombay Stock Exchange (BSE).
The selling pressure continues in the Indian stock markets as the Nifty fell more than 4 per cent in the last 5 sessions, while the Sensex declined by 4.3 per cent in the last 5 trading sessions.
Selling pressure mounted on the Indian stock markets on Thursday after the SEBI regulation on F&O, and with another main reason being the continued foreign outflows from Indian markets to other Asian markets.
New Delhi [India], September 28: When you think of stock markets, the first thing that often may come to your mind is how a company's performance impacts its share price. But there is a bigger picture: global and local events play a crucial role too.