Indian Markets Show Caution Amid Global Risks; Nifty Gains 1.3%

Economic Times · stocks

Indian equity markets experienced a cautious trading session on Friday, with the Nifty index closing 1.3% higher, primarily driven by buying in IT stocks. Despite this relief after consecutive declines, analysts suggest that elevated global risks will likely keep Indian equities in a cautious mood. The India VIX, a measure of market fear, decreased by 5.9% to settle at 14.38. Foreign portfolio investors were net sellers, offloading shares worth Rs 3,569 crore, while domestic institutional investors bought shares worth Rs 4,743 crore.