Indian Stock Market Update: Gains and Caution
In the week ending August 22, Indian stock indices showed encouraging growth, with the BSE Sensex rising by 709.19 points. While Foreign Institutional Investors (FIIs) continued to sell, Domestic Institutional Investors (DIIs) actively bought equities. The market's optimism was fueled by GST rationalization and a sovereign rating upgrade. However, caution prevailed due to profit booking and external uncertainties, particularly from the U.S. tariffs on Indian goods. Analysts predict that the Nifty may consolidate before attempting to rise again, with key support levels to watch closely in the coming week.
