Indian markets open higher despite global weakness; Valuations concerns persist amid FII selling: Experts
New Delhi, June 10 -- Indian markets opened in green on Wednesday, defying weakness across major global peers, even as experts cautioned that valuations remain a concern amid continued foreign investor selling.
The BSE Sensex climbed 284.92 points, or 0.39 per cent, to 74,203.68 points, while the NSE Nifty 50 gained 82.75 points, or 0.36 per cent, to 23,324.85 points in early trade.
The positive opening followed firm cues from the GIFT Nifty, which traded 106.50 points or 0.46 per cent higher at 23,291.00 points. The gains came despite a broader sell-off across global markets.
Commenting on market trends, VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, said the market is likely to overlook the recent escalati...
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