ANI
18 Sep 2023, 14:55 GMT+10
New Delhi [India], September 18 (ANI): Indian stock indices opened marginally in the red on Monday, with the benchmarks witnessing mild profit booking. Investors may have taken some money off the table after the indices hit their fresh highs last week.
Indian stock indices touched fresh highs on Friday, largely due to strong cues from US markets and consistent fund inflows by foreign portfolio investors. On Thursday too, they tasted fresh highs.
At the opening bell this morning, Sensex was at 67,728.52 points, down 0.16 per cent, and Nifty at 20,176.80 points, down 0.077 per cent.
This week, investors are likely to tread carefully of the U.S. Federal Reserve's meeting scheduled Tuesday-Wednesday. The US central bank in its July meeting raised its benchmark interest rate by 25 basis points, the highest in the past 22 years at 5.25-5.5 per cent, in its fight against soaring inflation and bringing it back to 2 per cent.
"Investors should exercise caution, particularly in the over-heated mid-and small-cap segments. Safety is in large-caps," said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
The benchmark indices added over 3 per cent each, respectively in the past month, after India's economy grew firm in the April-June quarter.
The Indian economy witnessing a firm GDP growth rate of 7.8 per cent in the first quarter (April-June) of 2023-24, and continued foreign portfolio investments are likely to have improved investors' sentiment lately. (ANI)
Get a daily dose of Cardiff Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cardiff Star.
More InformationLONDON, UK: The UK government said over the weekend that it could downscale the scope of the High Speed 2 ...
LONDON, U.K.: Jet engine maker CFM International said this week that thousands of engine components may have been sold with ...
(Photo credit: Robert Deutsch-USA TODAY Sports) Sixth-seeded Daria Kasatkina overcame a first-set misstep to record a 3-6, 6-4, 6-3 win ...
Mumbai (Maharashtra) [India], September 26 (ANI): Politician Aaditya Thackeray, on Tuesday, posted some glimpses from actor Parineeti Chopra and Aam ...
Mumbai (Maharashtra) [India], September 26 (ANI): Several celebrities remembered legendary actor Dev Anand on the occasion of his 100th birth ...
Mumbai (Maharashtra) [India], September 26 (ANI): On the 100th birth anniversary of legendary actor Dev Anand, Saira Banu penned a ...
BEIJING, China: Local authorities said a fire at the Shanjiaoshu coal mine in Guizhou province, southern China, killed 16 people ...
MADISON, Wisconsin: Last week, five flamingos were seen along a Lake Michigan beach in Wisconsin, attracting a large crowd of ...
LONDON, UK: The UK government said over the weekend that it could downscale the scope of the High Speed 2 ...
LAHAINA, Hawaii: This week, officials are expected to begin lifting restrictions on entry to the burn zone in Lahaina, Hawaii, ...
LONG ISLAND, New York: On Thursday, a bus carrying members of a high school marching band traveling to a music ...
GAINESVILLE, Florida: Local police report stopping children, ages 10 and 11, who had driven their family car 200 miles, in ...