Below are Views On Indian shares opened higher on Thursday By Mr. Keshav Lahoti, Associate Equity Analyst, Angel Broking Ltd
Indian shares opened higher on Thursday, tracking positive cues from global markets after Federal Reserve Chair Jerome Powell's comments calmed inflation worries. By the end of the day, Nifty closed up by 0.8%. Axis Bank rallied 2.8% as the IRDA gave its formal approval for the acquisition of up to 12% stake in Max Life Insurance by the private sector lender and its subsidiaries. Bharti Airtel and Vodafone Idea both advanced 1-2% after reports that the TRAI may reduce 5G spectrum price. Market fundamentals and sentiments are strong to take the market to new highs. Continuous FII Inflow is very important for the rally in the market.
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