Business News | Reversing Early Losses, Indian Stocks Settle High on Thursday
Get latest articles and stories on Business at LatestLY. After opening the session with a sharp dip, Indian stock indices settled on a positive note on Thursday.
New Delhi [India], December 29 (ANI): After opening the session with a sharp dip, Indian stock indices settled on a positive note on Thursday.
Sensex closed at 61,133.88 points, up 0.37 per cent, whereas Nifty closed at18,191.00 points, up 0.38 per cent.
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On Monday and Tuesday too, the benchmark indices - Sensex and Nifty - traded in the green.
"Markets may attempt to extend the rebound on the last trading day of the calendar year. However mixed global cues could cap the upside," said Ajit Mishra, VP - of Technical Research, Religare Broking.
"We thus reiterate our view to continue with stock-specific trading approach and maintain positions on both sides until we get clarity over the directional move in the index," Mishra added.
According to Vinod Nair, Head of Research at Geojit Financial Services, equity markets will continue to witness such sudden movements, triggered by lingering recession and COVID fears.
Meanwhile, Rupee traded largely steady and settled at 82.81 against the US dollar. Wednesday's closing was at 82.86. (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)