ANI
23 Jan 2023, 22:18 GMT+10
New Delhi [India], January 23 (ANI): Indian stock markets closed Monday's trade in the green, thereby snapping a two-day losing run.
Sensex and Nifty closed 0.5 per cent higher each.
Among the Nifty sectoral indices, barring Nifty metal and Nifty realty, all traded higher with Nifty IT and Nifty pharma rising the most.
"Benchmark indices consolidated gains after a positive start on Monday. Nifty held on to the 18100 mark amid lack of follow-up buying in the second half. On the sectoral front, Nifty Auto, IT, Pharma stocks further drove the index higher. IT shares witnessed across-the-board buying," said Devarsh Vakil, Deputy Head of Retail Research, at HDFC Securities.
According to Vinod Nair, Head of Research at Geojit Financial Services: "Market breadth tilted in favour of bulls lifted by financial stocks, amid positive cues from global peers. Strong corporate earnings reported by banks boosted the appetite for financial stocks. Positive global markets owing to the possibility of a less aggressive rate hike further added colour."Despite today's rise, analysts are at large bearish over the possibility of slowing global economic growth this year and the latest pulling out of funds by foreign portfolio investors (FPIs) from Indian stocks.
Foreign portfolio investors (FPIs) have sold assets worth Rs 15,236 crore in Indian stock markets so far in 2023 (till January 20), the latest data from National Securities Depository showed.
Barring some exceptions, foreign portfolio investors (FPIs) had been selling equities in the Indian markets for over a year, which started in October 2021 for various reasons.
In 2022, foreign portfolio investors overall sold Rs 121,439 crore worth of stocks in India on a cumulative basis, the data available on the NSDL website showed. (ANI)
Get a daily dose of Australian Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Australian Herald.
More InformationNASSAU, The Bahamas: The Bahamas police says a woman from the U.S. died after she was attacked by a shark ...
BEIJING, China: President Xi Jinping is set to visit Vietnam on December 12 and 13, where he will engage with ...
WASHINGTON, DC - Within hours of blocking a UN Security Council resolution from demanding a ceasefire in the current Mideast ...
WASHINGTON D.C.: In a sign of the challenges ahead for his 2024 re-election bid, a new Reuters/Ipsos poll showed that ...
Israel has acknowledged and thanked the United States and President Joe Biden for standing firmly by Israel's side at the ...
NEW YORK: This week, New York City officials said that one person was killed and six others were injured when ...
SYDNEY, NSW, Australia - A Sydney hotel has been evacuated for a second day in a row.The Holiday Inn at ...
Perth [Australia], December 11 (ANI): Australian head coach Andrew McDonald has indicated that though there are still no firm views ...
Johannesburg [South Africa], December 11 (ANI): South Africa great Jacques Kallis believes star India batter Virat Kohli will have to ...
New Delhi [India], December 10 (ANI): The Board of Control for Cricket in India (BCCI) Secretary Jay Shah confirmed that ...
Durban [South Africa], December 10 (ANI): The toss for the first T20I clash between India and South Africa on Sunday ...
New Delhi [India], December 10 (ANI): Australia's star-studded bowling line-up showered praises on Pakistan's star batter Babar Azam, with a ...