Analysts expect the Indian stock market to remain volatile this week, with Sensex facing resistance at 76,300 and Nifty finding key support near 23,600 amid global uncertainties.
Indian equity markets traded higher in early trade on Friday, with Sensex and Nifty gaining around half a per cent as IT and auto stocks advanced. Analysts expect a range-bound market amid global uncertainties and FII selling.
Mumbai: Domestic equity benchmark indices opened lower on Tuesday, tracking weak global markets after a sharp rebound in crude oil prices to the $85-a-barrel mark amid escalating tensions in the Middle East. Sensex opened 344.06 points or 0.44 per cent lower at 77,272.34, while Nifty fell over 100 points or 0.59 per cent to 24,068.00.
The combined market capitalisation of India's 10 most-valued companies increased by nearly Rs 93,000 crore last week. HDFC Bank and Bharti Airtel emerged as the biggest gainers, even as the broader stock market ended the week in the red.
Indian benchmark indices Sensex and Nifty posted marginal weekly losses after geopolitical tensions in West Asia weighed on markets, although banking and IT stocks helped drive a strong recovery on Friday.
Mumbai: Domestic equity benchmarks ended about 1 per cent higher each on Friday, extending their gains on the back of strong buying in information technology (IT), financial stocks, and realty stocks. Sensex, Nifty extend gains on broad-based buying Nifty settled at 24,206.90, up 244.10 points or 1.02 per cent. Similarly, Sensex climbed 827.57 points or.
Indian benchmark indices traded higher in early trade despite renewed geopolitical tensions and rising crude oil prices. Banking, consumer durable and auto stocks supported the market, while IT shares remained under pressure.
