Indian Stock Markets Show Resilience Amid Global Optimism

Indian stock markets opened positively on Thursday, driven by investor optimism and RBI's neutral stance. Despite previous declines, Sensex and Nifty50 showed gains. Global indices also marked an upward trend. Experts advise traders to adopt level-based strategies given the current market volatility.

The Indian stock markets started on a positive note Thursday morning, with investor confidence receiving a significant boost. Both the major indices, the Nifty 50 and the BSE Sensex opened higher, reflecting a marginal upward trend of 0.34% and 365.56 points, respectively.

Market analysts suggest that despite the upbeat opening, volatility continues to dominate the scene. Shrikant Chouhan, Head of Equity Research at Kotak Securities, emphasized the prudence of level-based trading strategies, citing the RBI's shift to a neutral stance and intraday profit booking that tempered gains in the second half of the trading session.

International markets mirrored this optimism, with significant gains seen across Asia and the US. Japan's Nikkei, Hong Kong's Hang Seng, and South Korea's KOSPI indices reported increases, while Wall Street's S&P 500 and Nasdaq also closed higher. Investors are cautiously optimistic ahead of the earnings season, seeking reassurance in global economic stability.

(With inputs from agencies.)