Research Report on Equity Markets April 30, 2024
Market Summary :
India’s benchmark indexes erased gains to end flat on Tuesday as nervousness over tensions with Pakistan tempered optimism over a potential U.S. trade deal. The Nifty 50 rose 0.03% to 24,335.95, while the BSE Sensex added 0.09% to 80,288.38. Both benchmarks rose about 0.5% in early trade. U.S. Treasury Secretary Scott Bessent said one of the first trade deals to be signed could be with India as soon as this week or the next. Indian officials on Tuesday also said that bilateral talks have made “positive progress.” Foreign portfolio investors snapped up Indian stocks worth $4.1 billion over the last nine sessions, the longest buying streak since July 2023.
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