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 Tennis Times 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 Tennis Times.
More InformationJoel Embiid will have plenty of reasons for extra motivation when the Philadelphia 76ers host the Denver Nuggets on Saturday. ...
Srdjan Djokovic opted to not attend his son's Australian Open semifinal win on FridaySerbian tennis star Novak Djokovic has sprung ...
Dallas Mavericks star Luka Doncic is day-to-day after spraining his left ankle in Thursday night's victory against the Phoenix Suns, ...
The Los Angeles Rams are hiring former New York Jets offensive coordinator Mike LaFleur to the same position, NFL Network ...
Toronto FC announced the signing of U.S. men's national team goalkeeper Sean Johnson on Friday. Johnson, 33, who won 2021 ...
Mumbai (Maharashtra) [India], January 27 (ANI): Days after tying the knot, the newlyweds Athiya Shetty and KL Rahul gave a ...
New Delhi [India], January 27 (ANI): Union minister Piyush Goyal has urged students to make sustainability an important element of ...
Joshimath (Uttarakhand) [India], January 27 (ANI): Giving respite to the sinking town of Joshimath, Disaster Management Secretary Ranjit Kumar Sinha ...
Amritsar (Punjab) [India], January 27 (ANI): Punjab Chief Minister Bhagwant Mann along with Aam Aadmi Party Chief and Delhi CM ...
Chamoli (Uttarakhand) [India], January 27 (ANI): District Magistrate of Uttarakhand's Chamoli, Himanshu Khurana said on Friday that a prefabricated cow ...
Beijing [China], January 27 (ANI): As China's population is shrinking, Beijing is re-assessing the labour policies as shrunk labour is ...
Washington [US], January 27 (ANI): Scientists have detailed a lifestyle switch that occurs in marine bacteria, where they change from ...