Indian equity benchmarks opened with gains on Friday with global cues remain broadly positive, the uncertainty on the domestic front capped gains for Indian indices due to skirmishes on the India-Pakistan border.
Indian stock markets remained closed on Thursday, May 1, in observance of Maharashtra Day. Both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) suspended trading for the day.
Indian equity markets started the Tuesday session on a positive note, supported by strong inflows from foreign portfolio investors (FPIs) and domestic institutional investors (DIIs).
The Indian stock market opened with a marginal decline on Thursday as geopolitical tensions weighed on investor sentiment. This comes after India took diplomatic measures against Pakistan in response to the recent attack in Pahalgam.
Indian stock markets are shut on Friday due to the Good Friday holiday. However, other major Asian markets continued their upward trend, with key indices posting gains.
Indian stock markets witnessed a turnaround on Thursday after a negative start in the morning session. The markets surged around 1 per cent by mid-session due to a strong domestic structural story and FPI buying.
Asian stock markets surged on Thursday after US President Donald Trump announced a 90-day pause on tariffs for 75 countries, including India. This decision brought some relief to global investors amid rising trade tensions.
Indian stock markets on Wednesday reversed the gains, with both indices declining in opening, taking cues from global markets as Trump announced China tariffs of 104 per cent loom, showing no near relief in the tariff dark clouds.