The Nifty 50 index was up 0.03% at 18,203.50, as of 09:30 a.m. IST, and the sensex rose 0.02% at 61,078.28. Both indexes had gained over 0.6% in the opening minutes of the session.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/N4DsGHI
Domestic indices refer to stock market indices that measure the performance of the stock market in a particular country. They typically consist of a basket of stocks representing the performance of a particular market or sector within a country.
The statement "Domestic indices erase opening gains; IT, pharma offset losses" suggests that the overall value of the domestic indices has declined from its opening level, possibly due to negative market conditions or other factors. The mention of IT and pharma sectors suggests that the performance of companies in these sectors may have helped to offset some of the losses in the domestic indices.
It is common for domestic indices to fluctuate based on a variety of factors, including economic conditions, company earnings, and market sentiment. The performance of individual sectors or industries can also impact the overall performance of the domestic indices.
