Indian benchmark indices, Sensex and Nifty 50, experienced a day of mixed performance, opening positively yet slipping into negative territory by the day's end. The rise was influenced by investor caution over global uncertainties and anticipation of quarterly earnings for notable firms like Bajaj Finserv and BPCL. Despite the overall market unease, certain sectors, particularly technology and defense, showed resilience with notable gains. Foreign Portfolio Investors bolstered market momentum by investing heavily, contributing to some upward movement in select stocks, including Reliance Industries and Ambuja Cements.
Indian benchmark indices Sensex and Nifty 50 opened in green but failed to maintain momentum, slipping into negative territory amid cautious trading influenced by global market uncertainty.
Investors are closely watching the quarterly results of major companies like Bajaj Finserv and BPCL, which are amplifying caution in the market.
Tech and defense stocks saw slight gains today, particularly driven by significant price jumps in Hindustan Aeronautics and Cochin Shipyard amid rising geopolitical tensions.
Foreign Portfolio Investors continued their buying spree, investing about Rs.35,000 crore into equities, which has contributed to the recent surge in the Nifty 50.
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