New Delhi: On account of Maharashtra Day, the Indian stock exchanges will be closed today, May 1, 2023. On Tuesday, regular trade will resume.
Following strong global indications and a rise in corporate results, domestic stocks rose for a seventh straight session on week ended Friday.
Indian and other emerging equity markets are once again attractive to global institutional investors due to the weakening US currency.
The top Weekly gainers on the NSE were Adani Enterprises, Adani Ports, Britannia, Wipro, and Nestle. ONGC, JSW Steel, and HCL Tech all experienced session losses among the laggards. Investors will continue to keep an eye on the listed businesses' profits as well as the most recent trends in foreign investment in Indian stocks for new cues.
As per latest data from the National Securities Depository (NSDL), foreign portfolio investors (FPIs) have continued to be net purchasers in Indian stock markets for the second straight month after selling two months in a row in January and February. In April, FPIs purchased securities worth Rs 11,631 crore in the Indian equity markets. Investors will also be watching the May 1-2 US monetary policy meeting.
The interest rate in the US is currently between 4.75 and 5.00 percent. It was close to zero during the early stages of the pandemic, and much of the increase was made to address growing inflation.
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