Indian markets start trading on Thursday with significant gains, with the Sensex up over 300 points

Indian markets start trading on Thursday with significant gains, with the Sensex up over 300 points

Indian stocks started Thursday’s trading session with significant gains following yet another extremely tumultuous trade during the earlier in the session. Due to a number of variables, including a recent influx of investments by international portfolio investors in Indian markets and the most recent easing of the inflation rate, the Indian stock markets have been strong over the last more than a month. At 9.18 a.m., the Sensex was up 295.49 points, or 0.50 percent, and the Nifty was up 79.30 points, or 0.45 percent, at 17,684.25 points. According to data from the National Stock Exchange, of the Nifty 50 equities, 43 traded in the green while the remaining 7 did not.

Bharti Airtel, Tata Motors, SBI Life, Tata Steel, and UPL were the best-performing companies this morning, with shares fluctuating between 0.9 and 1.6 percent.

According to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, “the toughness of the Indian market yet amidst worldwide volatility can be mainly attributed to two factors: One, the strong growth momentum in the economy, and possibly two, the steady international fund flows even when the Dollar has been appreciating.”

According to data from the National Securities Depository, international portfolio investors have invested more than Rs 50,000 crore in Indian shares since July. In the past nine to ten months, foreign portfolio investors (FPIs) have been consistently selling stocks in the Indian markets. This was due to a variety of factors, including the tightening of monetary policy in advanced economies.

Indian stocks maintained their bull run for a fifth straight week, with the exception of slight losses suffered earlier this week, and they were able to make up all of the losses suffered so far this year

 

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