Business

Positive Start for Stock Exchanges as Indices Rise in Early Trading

Indian stock markets opened with a slight uptick, reflecting increased investor confidence. Both major indices started the day in positive territory. The Nifty 50 index opened at 25,067.05 points, up by 0.34%, while the BSE Sensex opened at 81,832.66 points, gaining 365.56 points.

Market analysts indicate that volatility continues to characterize the trading environment, suggesting that a level-based trading approach would be prudent for traders. This positive sentiment is partly attributed to the Reserve Bank of India‘s (RBI) recent decision to adopt a neutral stance, which was communicated on Wednesday.

“After an initial rally in the first half of the day, the market faced resistance around the 25,200 and 81,300 levels and experienced a sharp correction in the latter half due to profit booking. The market declined by over 285 points on the Nifty and 950 points on the Sensex from their intraday highs. Given the current market volatility, we recommend that day traders focus on level-based trading strategies,” advised Shrikant Chouhan, Head of Equity Research at Kotak Securities.

Across other Asian markets, positive buying trends were also observed. Japan’s Nikkei 225 index rose by 0.30%, Hong Kong’s Hang Seng index surged by 3.32%, and South Korea’s KOSPI index increased by 0.71%.

In the United States, markets closed higher on Wednesday, with the S&P 500 gaining 0.71% and the Nasdaq rising by 0.60%. A CNN report suggested that Wall Street is increasingly optimistic about avoiding a recession, and investors are looking ahead to the upcoming earnings season for further signs of economic stability.

In contrast, on Wednesday, domestic benchmark equity indices, including the Sensex and Nifty 50, ended the day in negative territory, reversing recent gains as market sentiment shifted following the RBI’s announcement to maintain current interest rates. The Sensex closed down by 167.71 points at 81,467.10, while the Nifty 50 fell by 31.20 points, settling at 24,981.95.

Investors are expected to closely watch upcoming developments both domestically and globally as markets respond to various geopolitical events.

Nisha Srivastava

Nisha Srivastava is an influential blog writer and content editor associated with The Daily Guardian, with over 10 years of experience in writing.

Recent Posts

‘Why Does China Smell So Bad?’ Pakistani Doctor Explosive Video Goes Viral | WATCH

A Pakistani doctor, Fani, faced social media backlash after posting a video criticizing China for…

14 minutes ago

Joe Biden’s Farewell Speech: A Final Warning Against The Impact Of ‘Unelected Oligarchs’ On US Democracy

In his farewell speech from the Oval Office, President Joe Biden warned of the growing…

25 minutes ago

Kabhi Kuch Nhi Bhi Karke Dekho: What Is The Importance And Power Of Doing Nothing

National Nothing Day on January 16 celebrates the power of doing nothing. Embracing stillness, it…

38 minutes ago

Adani Fallout Forces Hindenburg Research’s Closure: Founder Makes Surprising Move

Nathan Anderson, founder of Hindenburg Research, announces the firm’s closure after creating a major stir…

57 minutes ago

Moscow Child Abuse Shocker: Woman Kicks Toddler For Party Disruption | WATCH

A viral video from Moscow shows a woman violently kicking a toddler, allegedly due to…

1 hour ago

Tears Turn To Cheers: Gaza’s Streets Come Alive With Celebrations And Dance After Israel-Hamas Ceasefire Agreement | WATCH

Gaza erupts in celebration as a historic ceasefire deal between Hamas and Israel is announced,…

2 hours ago