Indian Stock Market remain unchanged at the end of the Wednesday. As the market closed, the Nifty and sensex was 0.5 per cent higher. Investors wait for the outcome of the US Fed Monetary Policy meeting which is yet to be announced by July 25–26 mid-night (IST).
They were largely steady for the past two sessions, primarily due to a lack of fresh bets at higher levels. Some investors who recently accumulated gains were apparently booking their profits.
Indian stock indices were largely steady for the second straight day, primarily due to a lack of fresh bets at higher levels. Some investors who have recently accumulated gains could be booking their profits.
Several analysts have been pointing out that any further rally from the current peak seems unlikely as valuations were higher, and that is what seems to have been happening in the past two-odd sessions.
New Delhi [India], July 6: The global financial markets have been volatile since the turn of 2020. Events such as the global pandemic, the Ukraine-Russia conflict, US Fed tapering and surges in energy prices have ushered a period of heightened uncertainty, triggering inflationary pressure an
Indian stocks were largely steady Thursday morning as investors seemed to be holding back from putting more money into the markets in the short run. The stock indices have been hitting their all-time highs and are at their peaks currently.
Indian stock indices traded largely steady on Thursday morning after their all-time highs reached in the previous session. Meanwhile, analysts cautioned high valuation may keep investors at bay for the time being.
Indian stock indices traded higher on Friday morning, getting support from the US central bank's latest monetary policy stance - which finally paused the interest rate after raising it for over a year.
Barring the latest pause, the US central bank has hiked the interest rate for the tenth consecutive time which was necessitated in the fight against soaring inflation.
Indian stock indices started the new week on a steady note with investors largely eyeing May inflation data scheduled to be released this week for further course of action.
Fresh jobs data released on Friday could help to inform policymakers as they try to decide whether this is the right moment to take a break, the daily newspaper said.