Indian stock indices were steady Thursday morning, with investors bracing for October-December quarterly GDP data slated to be released later in the day.
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The Sensex began the day with a modest rise of 2.05 points, opening at 73,097.27, while the Nifty also saw a slight uptick of 3.75 points, starting at 22,202.10.
The report highlighted that market watchers are quite keen on Prime Minister Narendra Modi's return to power for a third straight term in the upcoming Lok Sabha polls which will bring greater predictability to economic policies.
Hours after six Congress MLAs voted in favour of the BJP candidate in the Rajya Sabha polls in Himachal Pradesh, the party's top leadership deployed senior leaders Bhupinder Singh Hooda and DK Shivakumar to take stock of the state crisis, said sources.
India, on Tuesday, during the World Trade Organization (WTO) negotiation session on agriculture, made a strong and compelling argument to finalize the permanent solution to public stockholding (PSH) and deliver this outcome at MC13, as this has been pending for 11 years.
The BSE Sensex surged by 305.09 points, closing at 73,095.22, while the Nifty50 climbed 76.30 points, settling at 22,198.35. The positive momentum was reflected in the market breadth, with 28 Nifty companies advancing and 22 declining.
Founder and CEO of stock broker Zerodha, Nithin Kamath, had a "mild stroke" about six weeks ago and is recovering. It could take three to six months for a full recovery.
At the opening bell, the Sensex was down by 119.20 points, starting at 72,669.73, while the Nifty faced a decline of 32.50 points, opening at 22,097.30.
Without providing the world with any word of explanation, in the past five years the People's Liberation Army Rocket Force (PLARF) of China has expanded the types and quantity of its nuclear-tipped weapons more than at any point in its history.
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