Foreign investors extended their selling spree in Indian equity markets for the third consecutive week in November, according to data released by the National Stock Exchange.
The Indian stock market has historically witnessed significant volatility, with intra-year drawdowns of 10 per cent or more recorded in 22 times out of the last 25 years, according to a recent report by Motilal Oswal.
The domestic stock markets, in coming week, will focus their attention back to the Foreign Institutional Investment (FIIs) selling, global cues and domestic developments such as earnings of the companies and winter session of the Parliament, say analysts.
Indian equity indices, the BSE Sensex and NSE Nifty50, both ended in the red on Tuesday, due to the losses in banking, Auto, and financial sector stocks.
Amid the ongoing sell off by the foreign investors, if it coupled with a sharp surge in the crude price it could put India Balance of Payments (BoP) under significant pressure, highlighted a report by DSP Asset Managers.
With the much-closely-watched US elections over, the Indian stock market's focus will return to domestic factors next week, such as foreign fund flows and the final phase of the Q2 earnings season.
The Indian stock markets continue to feel the pressure from sustained selling by foreign portfolio investors (FPIs). According to the National Securities Depository Ltd (NSDL) data, FPIs have offloaded equities worth a significant Rs 19,994 crore in just the first five trading sessions of No
Stock indices in India settled in the red on Friday, extending losses from the past session. Sensex closed at 79,486.32 points, down 55.47 points or 0.070 per cent, while Nifty closed at 24,148.20 points, down 51.15 points or 0.21 per cent.
The report adds that domestic economy is showing robust growth with supply chain sector showing robust growth, e-way bill generation--a key indicator of freight movement and economic activity--reached a record 117.25 million in October. This marks a 17 per cent increase year-on-year, reflect
The Sensex dropped 377.73 points to 79,164.55 at opening, while the Nifty declined by 121.30 points to 24,078.05. With only eight companies advancing and forty-two in decline within the Nifty 50, the market reflected broad-based pressure, as sectors across the board saw a pullback.