Business & Finance

Reversing Early Losses, Indian Stocks Settle High On Thursday

Stocks

According to Vinod Nair, Head of Research at Geojit Financial Services, equity markets will continue to witness such sudden movements, triggered by lingering recession and COVID fears.

New Delhi: After opening the session with a sharp dip, Indian stock indices settled on a positive note on Thursday.
Sensex closed at 61,133.88 points, up 0.37 per cent, whereas Nifty closed at18,191.00 points, up 0.38 per cent. On Monday and Tuesday too, the benchmark indices – Sensex and Nifty – traded in the green.

“Markets may attempt to extend the rebound on the last trading day of the calendar year. However mixed global cues could cap the upside,” said Ajit Mishra, VP – of Technical Research, Religare Broking.

Also Read:ā€œReceived No Invitationā€: Akhilesh Yadav On Bharat Jodo Yatra

“We thus reiterate our view to continue with stock-specific trading approach and maintain positions on both sides until we get clarity over the directional move in the index,” Mishra added.

According to Vinod Nair, Head of Research at Geojit Financial Services, equity markets will continue to witness such sudden movements, triggered by lingering recession and COVID fears.

Meanwhile, Rupee traded largely steady and settled at 82.81 against the US dollar. Wednesday’s closing was at 82.86.

(Except for the headline, this story has not been edited by HW News staff and is published from a syndicated feed.)

Dear Readers,
As an independent media platform, we do not take advertisements from governments and corporate houses. It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. Please contribute, so that we can continue to do the same in future.

Related posts