DSIJ Mindshare

The end to the financial year 2022-23 was quite painful as Nifty lost over 1,500 points in just over 3 months. The domestic market is the one of the most underperforming markets in the world in recent times, which has taken a toll on investors’ sentiment.

The broader markets remained under pressure on Thursday amid poor global sentiment. However, one stock that witnessed strong buying interest has surged over 11 per cent! Belonging from the plastic products industry, the scrip has rallied 1800 per cent from the covid lows which has attracted investors' attention.

On Tuesday, the domestic equities continued the upwards journey for the second straight session as low-level buying pushed benchmark indices higher. Lack of major selling reasons in the domestic and global market along with a drop in commodity prices seems to have augured well for the markets. 

At 12.15 pm on Wednesday, the core equity indices i.e., Sensex and Nifty 50 were recovering amidst relaxed oil prices, and the changing political dynamics arising due to the Ukraine-Russia conflict. The Sensex was trading at 57,554.93 up by 254.24 points 0.44 per cent, while Nifty was at 17,162.40, up by 70.20 points or 0.41 per cent from the last trading session.