Indian stock indices extend gains, Sensex rises over 400 points

Jul 18, 2022

New Delhi, July 18 (ANI): Indian stock indices extended their gains from the previous week and traded in the green in early trade on July 18, primarily due to some fresh buying at lower levels. Stocks in the US climbing sharply on Friday also lent support to the Indian stocks this morning. Notably, the domestic indices had declined during four out of five sessions the previous week. Domestic stock markets have been going through a rough patch due to various unfavourable fundamentals ranging from a consistent devaluation of the rupee, rising current account deficit, selling-off by foreign investors, and fears of a possible global recession, among others. At 9.32 a.m., Sensex was at 54,198.62 points, up 437.84 points or 0.81 per cent, whereas Nifty was at 16,185.80 points, up 136.60 points or 0.85 per cent. Among the Nifty 50 stocks, 46 were in the positive territory, National Stock Exchange data showed.