Stock Exchange in red trend despite robust trading session, falls by 0.16%

The selection of Mr. Trump of Scott Bessent as the Treasury Secretary is a positive from the market perspective since he is regarded as a fiscal conservative. They said this can help bring down US bond yields, favoring emerging markets (EMs).

Stock Exchange in red trend despite robust trading session, falls by 0.16%
Stock Exchange in red trend despite robust trading session, falls by 0.16%

The Indian stock market opened in green but could not last for a long progressive session despite witnessing two robust trading sessions. The market breadth remained positive. On the National Stock Exchange (NSE), 1,572 stocks traded in the green, while 694 stocks were in the red.

At the National Stock Exchange (NSE), the broader market was green, with 1,572 stocks advancing, compared to 694 stocks in the red. Key indices like Nifty Bank, Midcap, and Smallcap saw modest gains, reflecting investor optimism. Among the top gainers in the Sensex pack were Infosys, Tata Steel, and ICICI Bank, while stocks like UltraTech Cement and Hindustan Unilever saw declines.

Join PSU Connect on WhatsApp now for quick updates! Click here

Read Also : Karur Vysya Bank inaugurates 4 new branches today

Foreign institutional investors (FIIs) were net buyers, acquiring equities worth Rs 9,947 crore, while domestic institutional investors sold equities amounting to Rs 6,907 crore. Analysts point out that the Nifty’s recent performance has raised key support levels, and a daily close below 23,956 could reignite bearish trends.

The selection of Mr. Trump of Scott Bessent as the Treasury Secretary is a positive from the market perspective since he is regarded as a fiscal conservative. They said this can help bring down US bond yields, favoring emerging markets (EMs).

In Asian markets, Jakarta, Seoul, and Tokyo markets were trading in red while Hong Kong, Shanghai and Bangkok were trading in green. US stock markets closed in green on the previous trading day.

Read Also : Defense Stock, BEML surges over by 4.2%, here is price target for PSU stock