Rising KashmirRising KashmirRising Kashmir
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • National
  • Health
  • Anchor
  • Features
  • Interview
  • Video
  • Sports
Search

Archives

  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Anchor
  • Breaking
  • Business
  • City
  • Developing Story
  • Editorial
  • Education
  • Features
  • Health
  • Interview
  • Jammu
  • Jammu and Kashmir News
  • Kashmir
  • Kashmir Tourism
  • Kath Bath
  • National
  • Opinion
  • Politics
  • SEO
  • Sports
  • Technology
  • Top Stories
  • Trending
  • Uncategorized
  • Video
  • Viewpoint
  • World
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Indian stocks start fresh week with positive momentum
Share
Notification Show More
Font ResizerAa
Rising KashmirRising Kashmir
Font ResizerAa
  • Home
  • Top Stories
  • News
  • National
  • Health
  • Anchor
  • Features
  • Interview
  • Video
  • Sports
Search
  • Top Stories
    • Developing Story
    • Anchor
    • Breaking
    • Business
    • Editorial
    • Education
    • Features
    • Health
    • Interview
  • More
    • National
    • Politics
    • Opinion
    • Technology
    • Sports
    • Trending
    • World
  • Kashmir
    • City
    • Jammu
    • Jammu and Kashmir News
    • Kashmir Tourism
    • Kath Bath
    • Video
    • Viewpoint
Follow US
© 2024. All Rights Reserved.
Rising Kashmir > Blog > Breaking > Indian stocks start fresh week with positive momentum
Breaking

Indian stocks start fresh week with positive momentum

ANI
Last updated: May 8, 2023 12:47 pm
ANI
Published: May 8, 2023
Share
3 Min Read
SHARE
Follow us on

Indian stock indices opened marginally higher on Monday after having closed in the red the last session. At the time of writing this report, benchmark indices Sensex and Nifty were 0.5 per cent higher each.

Last week, Indian stock indices managed to end with gains on a cumulative basis. Benchmark Sensex and Nifty indices accumulated 0.8-1.0 per cent gains. Friday’s trading session, however, closed sharply lower, partly due to profit booking after the recent consistent bull run and a sharp decline in banking stocks over the prevailing strains in the US regional banks. The collapse of a few regional banks in the US, which started with Silicon Valley Bank, has sent ripples across the global banking industry and posed fears of a contagion effect across economies. Earlier in the week, firm GST collections, weakness in the US dollar, and continued foreign fund inflows supported Indian stocks.

“FIIs (foreign institutional investors) have been continuous buyers in India during the last seven trading sessions, cumulatively buying equity worth Rs 11700 crores. Rupee appreciation is aiding FII buying,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Going ahead, the release of US and Indian inflation data for April will be keenly watched by the market participants to get a direction.

India’s headline consumer price index-based (CPI) inflation (or retail inflation) has gradually declined from its peak of 7.8 per cent in April 2022 to 5.7 per cent in March 2023 – which is below RBI’s upper tolerance band of 6 per cent. The RBI’s monetary policy actions over the past year seem to have reaped dividends in managing inflation.

Much of the future monetary policy actions by various central banks will also depend on the upcoming inflation data.

“Further clues on the direction that other central banks will take will meanwhile be drawn from the series of inflation figures due in the coming week for the US, mainland China and India,” said S&P Global Market Intelligence in its Week Ahead Economic Preview report. (ANI)

Independence Day, 2024 celebrated with patriotic fervor across Kashmir Hospitals
Glowing tribute: Kashmir’s potter Umar prepares 10,000 oil lamps for Independence Day
CM Kerjwal lists 15 points to curb pollution in coming winter season
Market volatility persists: Stocks end in the red after initial highs
J&K Relief Organisation rebuts social media report on integration of migrant ration cards into NFSA

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Copy Link Print
Previous Article IAF MiG-21 crashes in Rajasthan; Rescue op underway
Next Article IAF fighter aircraft crashes in Rajasthan: 2 women dead, 1 man injured
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

1MFollowersLike
262kFollowersFollow
InstagramFollow
234kSubscribersSubscribe
Google NewsFollow

Latest News

‘Songs of Paradise’ trends globally; Danish Renzu’s film revives Kashmir’s musical glory
Breaking Jammu and Kashmir News
August 31, 2025
MeT predicts rain with thunderstorms in J&K during next few hours
Breaking Jammu and Kashmir News
August 31, 2025
CM Omar Abdullah urges corporate support after PM Modi hails J&K’s sporting spirit
Breaking Jammu and Kashmir News
August 31, 2025
Govt orders vacation of hotels, dharamshalas in Katra’s vulnerable zone
Breaking Jammu and Kashmir News
August 31, 2025

Recent Posts

  • ‘Songs of Paradise’ trends globally; Danish Renzu’s film revives Kashmir’s musical glory
  • MeT predicts rain with thunderstorms in J&K during next few hours
  • CM Omar Abdullah urges corporate support after PM Modi hails J&K’s sporting spirit
  • Govt orders vacation of hotels, dharamshalas in Katra’s vulnerable zone
  • Jmu-Sgr Highway suffered damages at several locations, restoration to take 20-25 days: CM Omar Abdullah

Recent Comments

  1. Raja Mani Khan on Minor Girl Dies in J&K’s Poonch Landslide
  2. Raja Mani Khan on Srinagar: People gather in big numbers to participate in Muharram procession
  3. Shah on Relief for Employees: J&K Bank Fixes EMI-Credit Mismatch, says JK Bank Chairman
  4. Latif khan on Why Kashmir needs Stronger Private Healthcare and Health Insurance
  5. Sameer farooq mir on Qazi Irfan assumes charge as RTO Kashmir

Contact Us

Flat No 7,Press Enclave, Srinagar, 190001
0194 2477887
9971795706
[email protected]
[email protected]

Quick Link

  • E-Paper
  • About Us
  • Contact Us

Top Categories

Stay Connected

1.10MFollowersLike
305kFollowersFollow
344kFollowersFollow
2.9kSubscribersSubscribe
WhatsAppFollow
Copyright © Rising Kashmir
  • Home
  • Top Stories
  • News
  • National
  • Health
  • Anchor
  • Features
  • Interview
  • Video
  • Sports
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?