Indian stock market: The benchmark indices of the domestic equity market, Sensex and Nifty 50, are likely to open mixed on Thursday, amid mixed signals from global markets.
Asian markets edged lower on Thursday for the first time in five sessions, meanwhile, US markets closed in a positive note.
On Wednesday, The Indian stock market closed on a positive note supported by mostly favorable global signals indicating reduced geopolitical tensions. The Sensex gained 182 points, or 0.22%, to settle at 81,330.56, while the Nifty 50 advanced 89 points, or 0.36%, ending at 24,666.90.
“Markets traded within a narrow range following Tuesday’s dip but managed to close slightly higher. The session began on a positive note, supported by encouraging factors such as easing retail inflation and stable global cues. However, the absence of sustained buying interest and a mixed performance among heavyweight stocks limited further gains as the day progressed. Eventually, the Nifty closed at 24,666.90, up by 0.36%. Most key sectors contributed to the up move, with the exception of banking. Notably, metal, realty, and energy sectors were among the top performers. The broader markets also witnessed strong interest, with both midcap and smallcap indices gaining over 1%,” said Ajit Mishra – SVP, Research, Religare Broking Ltd.
(This is a developing story)
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