Bull run in Indian stocks continues, trading in green for seventh day

Aug 04, 2022

New Delhi, Aug 04 (ANI): The rally in Indian stock indices extended for seven straight sessions on Thursday largely on account of the return of foreign portfolio investors to India after multiple months as well as inflation seemingly plateauing. At 9.47 a.m., Sensex traded at 58,618.34 points, up 267.81 points or 0.46 per cent, whereas Nifty traded at 17,476.55 points, up 88.40 points or 0.51 per cent. Among the Nifty 50 stocks, 39 rose this morning and the rest traded in the red, National Stock Exchange data showed. Notably, the Indian stocks recorded their best weekly performance during the week to July 22 marking its best week since February 2021, supported by renewed buying, especially in banking and IT stocks, among others. During the past two weeks, Sensex and Nifty rose over 7 per cent on a cumulative basis. This week, the indices have cumulatively risen 3-4 per cent so far.