: Indian stocks start Fridays trade with marginal gainsv #IndiaNEWS #Business New Delhi, Aug 19 (ANI): Indian stocks extended their gains from the previous session and opened Fridays trade with minor

Indian stocks start Fridays trade with marginal gainsv #IndiaNEWS #Business
New Delhi, Aug 19 (ANI): Indian stocks extended their gains from the previous session and opened Fridays trade with minor gains. Indian stock indices have been rising for the past five weeks on a trot. A slight moderation in inflation both in the US and India coupled with a fresh inflow of foreign funds into Indian capital markets has infused positive investor sentiments. At 9.27 a.m., Sensex traded at 60,316.22 points, up 18.22 points or 0.03 per cent, whereas Nifty traded at 17,963.25 points, up 6.75 points or 0.038 per cent. “Some profit booking and diversion of money to fixed income may be considered as a short-term strategy. Buy on dips can be considered in high-quality financials, leading names in capital goods and autos,�? said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services. On Thursday, the total market capitalisation of BSE-listed companies touched an all-time high of Rs 280.50 lakh crore supported by the recent consistent gains in domestic stocks. Meanwhile, benchmark indices Sensex and Nifty rose nearly 10-11 per cent during the ongoing rally on a cumulative basis, thereby recovering largely the entire losses they witnessed so far in 2022. The latest rally in stocks made Indian investors richer by over Rs 25 trillion.

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