PMR Pulse

The Indian share market ended a quiet trading session on a flat and mixed note this Thursday. Early morning gains triggered by bargain buying in IT stocks were erased by profit booking in banking, telecom, and real estate sectors later in the day.

Benchmark indices surrendered most of their strong morning gains on Wednesday as investors booked profits at higher levels. Early euphoria from softer-than-expected US retail inflation data, which initially sent the Sensex up by over 590 points,

Equity benchmarks turned sharply lower on Tuesday as international sentiment soured overnight. Fresh military developments between the United States and Iran escalated geopolitical risk in West Asia, sending Brent crude oil spiking up +1.63% to nearly $84.60 a barrel.

Asian markets painted a mixed picture this morning following a relatively flat Friday close on Wall Street, where cooling inflation data revived hopes for imminent rate cuts.

Indian benchmark indices ended sharply higher today, driven by broad-based buying across IT, Realty, Metal, Financial Services, and Energy stocks.

The stock market rebounded today after a heavy correction in the previous session. The recovery was aided by foreign fund inflows and supportive global cues.