Indian stock markets in green for third straight week

Aug 01, 2022

New Delhi, Aug 01 (ANI): Indian stock indices extended their bull run from the previous two weeks and traded marginally higher in early trade on Monday. At 9.38 a.m., Sensex traded at 57,771.50 points, up 201.25 points or 0.35 per cent, whereas Nifty at 17,232.85 points, up 74.60 points or 0.43 per cent. Notably, the Indian stocks recorded their best weekly performance during the week to July 22 marking its best week since February 2021, supported by renewed buying, especially in banking and IT stocks, among others. During the past two weeks, Sensex and Nifty rose over 7 per cent on a cumulative basis. Foreign portfolio investors becoming net buyers in Indian stock markets again after nine long months might have supported the investors' sentiment. In July, FPIs bought equities worth Rs 4,989 crore, National Securities Depository (NSDL) data showed.