Indian markets experienced one of the worst falls on Monday with both the indices Nifty, and Sensex registered high losses during the opening trade. Indian stock markets followed the global bloodbath.
According to analysts, Indian stock markets experienced a sharp fall, tracking a sell-off in the US markets. Weak US manufacturing activity raised concerns that the economy might be slowing faster than anticipated.
Indian stock markets ended flat on Tuesday after a volatile trading session. The Nifty 50 index tried to touch the historic mark of 25,000 but closed below.
The Indian benchmark indices experienced significant volatility as Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 under the Modi 3.0 government on Tuesday.
Indian markets started the week with a decline following global market weakness after U.S. President Joe Biden opted out of the presidential race. Indian markets are also facing selling pressure ahead of the Union Budget announcement by the government.
From here, the market is likely to see stock-specific moves this week on the back of the ongoing earning season. The market participants also digested the elevated inflation data for June, besides eyeing the much-awaited Budget to be presented on July 23.
Indian stock indices moved higher as the Friday session progressed and in the process touched a fresh high, triggered by the latest moderation in US inflation, better-than-expected TCS results, and lack of negative market fundamentals.
Extending the ongoing uptrend, Indian stock indices kicked off the July-September quarter on a high. The indices Sensex and Nifty started Monday's session on a flat note, but as the day progressed both the indices accumulated decent returns for the investors.