Business · India Bureau
Indian stock markets open higher but momentum slows from previous day's surge
India's stock indices opened in positive territory Friday, following Thursday's strong rally, but early trading showed a marked deceleration in buying pressure. The Sensex and Nifty gained ground in opening trade, though Bank Nifty saw only modest increases.
LSN India ·
Indian equity markets opened on a positive note Friday, extending gains from the previous day's strong performance, though the pace of advancement slowed considerably in early trading. The Sensex rose more than 400 points in initial deals, while the Nifty 50 climbed over 100 points from opening levels. Bank Nifty, however, displayed only marginal gains during the morning session. Market participants attributed the softer momentum to profit-taking following Thursday's robust rally, with investors adopting a cautious stance as trading progressed. The divergence in sectoral performance underscored selective buying interest, with banking stocks showing particular hesitation after the previous session's sharp gains.