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Indian Stocks Open Marginally Higher Amid Global Caution
Indian stock markets opened a little higher on Friday.
The Sensex and Nifty both rose by a small amount.
Smaller-company stock indexes also edged up.
Some sectors, including information technology, fell, while real estate stocks gained.
Investors remained careful because US government bond yields were high.
A stronger US dollar also put pressure on the Indian rupee.
Uncertainty involving the United States and Iran could affect energy supplies and oil prices.
Foreign investors sold Indian shares, while domestic institutions bought them.
Sensex rose 96 points, or 0.13%, to 73,676, while Nifty gained 20 points, or 0.09%, to 23,084 at 9:24 a.m. on Friday.
Nifty Midcap 100 and Nifty Smallcap 100 edged up 0.03% and 0.06%, respectively, while sectoral performance was mixed.
Nifty IT fell 1.37% to become the biggest sectoral loser, while Nifty Realty gained 0.59% and led sectoral advances.
The US 10-year Treasury yield remained above 5.20%, while a stronger dollar and uncertainty involving the US and Iran weighed on sentiment.
Foreign institutional investors sold Rs 5,027 crore of Indian equities on September 24, while domestic institutional investors bought Rs 4,301 crore.
- Who
- Indian equity benchmarks, foreign institutional investors, domestic institutional investors, and global investors.
- What
- The Sensex and Nifty opened marginally higher, while sectoral and broader-market performance remained mixed.
- Where
- Indian equity markets, with the opening figures reported from Mumbai.
- When
- Friday, September 25, at 9:24 a.m.; the reported institutional trading flows were from September 24.
- Why
- High US Treasury yields, a stronger dollar, foreign selling, and uncertainty involving the United States and Iran kept investors cautious.
Key facts
- Sensex
- 73,676, up 96 points or 0.13% at 9:24 a.m.
- Nifty
- 23,084, up 20 points or 0.09% at 9:24 a.m.
- US 10-year Treasury yield
- Above 5.20% and near multi-year highs.
- Top sectoral loser
- Nifty IT, down 1.37%.
- Top sectoral gainer
- Nifty Realty, up 0.59%.
- Foreign institutional flows
- Net selling of Rs 5,027 crore on September 24.
- Domestic institutional flows
- Purchases of Rs 4,301 crore on September 24.
- Key geopolitical concern
- Uncertainty involving the United States and Iran, including risks to energy supply routes.
Sources
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