Indian stock markets closed slightly higher on Thursday, extending gains for a third consecutive week as crude oil prices eased.
The Nifty 50 and Sensex both edged up, supported by lower oil prices that lifted investor sentiment.
Analysts noted that any dips could draw buying interest ahead of expected margin improvements in the second quarter.
They also pointed to reduced volatility expectations despite possible shortfalls from the monsoon season.
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Indian equity benchmarks Sensex and Nifty posted their strongest single-day gains in years on Wednesday, driven by a US-Iran ceasefire that eased oil prices and inflation fears. The market capitalization of BSE-listed companies rose by ₹16.1 lakh crore. However, Asian stocks turned cautious as the ceasefire showed signs of fragility.
Indian stock markets staged a significant rebound on Wednesday, fueled by hopes for peace in West Asia and falling oil prices. The NSE Nifty and BSE Sensex climbed substantially during the day, though some gains moderated by the close. Sectoral indices ended higher across the board amid cautious investor sentiment.
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Indian benchmark indices Sensex and Nifty closed nearly 6% higher for the week, snapping a six-week losing streak after a ceasefire between the US and Iran. Both indices rose 1.2% on Friday. Investors adopted a risk-on approach amid reduced volatility.
Indian benchmark indices Sensex and Nifty are poised for a gap-down open, potentially erasing gains from last week's ceasefire rally, after US-Iran truce talks in Islamabad collapsed without resolution. Experts flag renewed West Asia tensions and volatility ahead.
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Indian stock markets experienced a significant downturn on Friday. The decline was driven by geopolitical tensions between the US and Iran along with a weakening rupee.
Fourteen stocks from the BSE 500 index advanced in each of the five trading sessions ending May 8, delivering cumulative returns of up to 25 percent. The Sensex rose 0.54 percent or 415 points to close at 77,328 during the period.
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India's listed brokers and exchanges posted strong results for the March quarter. Growth came from higher margin trading and increased market activity.