Snapping 2-day losses, Indian stocks again in green

Jul 27, 2022

New Delhi, July 27 (ANI): After two consecutive sessions of losses, Indian stock indices gained some fresh steam in early trade on Wednesday. At 10.12 a.m., Sensex traded at 55,404.13 points, up 135.64 points or 0.25 per cent, whereas Nifty traded at 16,518.35 points, up 34.50 points or 0.21 per cent. Prior to the latest two-day decline, the Indian stocks had witnessed six consecutive sessions of the rally. Indian equity markets recorded their best weekly performance during the past week, supported by renewed buying, especially in banking and IT stocks as well as the return of foreign investments into the Indian markets after months. The domestic equity market closed at its highest level in seven weeks, marking its best week since February 2021. Sensex and Nifty during the week rose around 3-4 per cent on a cumulative basis.