Indian stock markets opened marginally higher on Thursday, a day after being closed for the Christmas holiday. However, the chances of a sustained year-end rally appear dim amid persistent market pressures.

As markets in India and around the world reopen after the Christmas holiday, investors here are looking to ride the so-called Santa Clause rally driving Wall Street higher

In the second half of the trade session, the Nifty 50 and Sensex erased gains.Get live updates on Indian stock markets here on Dec 24.

The stock markets will remain closed on December 25 for Christmas. On Tuesday, investors showed caution leading to minor declines in BSE Sensex and Nifty50 amidst foreign fund outflows.

The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) of India will remain closed on Wednesday, December 25, 2024, in observance of Christmas. This holiday coincides with other global stock markets, including those in the US, UK, and Europe, which are also shut for the festive season.

Stock Market LIVE Updates | Indian markets recovered slightly on Monday from the five days of steep decline last week. Analysts say this pause is typical, driven by oversold positions in index heavyweights.

Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Tuesday. While BSE Sensex was above 78,500, Nifty50 was above 23,750.

The trends on Gift Nifty also indicate a flat start for the Indian benchmark index. The Gift Nifty was trading around 23,762 level, a discount of 7 points from the Nifty futures’ previous close.