New Delhi [India], May 14 (ANI): Indian stock indices opened marginally in the green Tuesday, extending the positive momentum from the previous session closing, primarily due to fresh buying after the latest dip.

At 9.19, soon after the opening bell, Sensex was at 72,979.48 points, up 203.34 points or 0.28 per cent, and Nifty was at 22,177.15 points, up 73.10 points or 0.33 per cent. All sectoral indices, barring Nifty pharma and Nifty healthcare index, were in the green at the time of filing this report.

Also Read | Walmart Layoffs: Retail Giant Shutting Down Stores in US and Cutting Hundreds of Jobs, Expects 65% of Its Stores To Adopt Automation by End of Fiscal Year 2026.

Over the last week, indices had slumped consistently, which analysts asserted was due to a strong US dollar, uncertainty in Lok Sabha elections outcome after a decreasing voter turnout trend seen so far in the phases that went to vote, and a profit booking after the recent rally.

Also, continued selling by foreign portfolio investors (FPIs) and lower-than-expected earnings by some of the market moving corporate majors weighed on investor sentiment.

Also Read | UN Aid Worker Killed in Firing in Gaza Identified As Waibhav Anil Kale From India.

Foreign portfolio investors (FPIs) have turned net sellers in Indian stocks lately. Foreign portfolio investors (FPIs), who continued to remain net buyers for the third month until mid-April, have cumulatively sold stocks worth Rs 8,671 crore during the month, National Securities Depository Limited (NSDL) showed. So far in May, they have sold stocks worth Rs 18,375 crore.

"Under these circumstances the best option for investors is to wait and watch for a trend change, which can happen any time. Clarity on election trends is likely to come before June 4th, the counting day, and the market response can be strong. Buy on dips would be a good strategy now," said VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

With annual retail inflation easing slightly in April, attention will now shift to wholesale inflation figures, due later in the day. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)