Foreign Portfolio Investors (FPIs) turned net sellers in the Indian stock market by selling equities worth Rs 12,404.73 crore during this week (August 5 to 9).
Indian markets started Wednesday's trading session on a positive note, following a global rally. The Nifty 50 index opened with a gain of 296.85 points or 1.24 per cent, reaching 24,289.40 points, while the BSE Sensex opened at 79,565.40 points, up by 972.33 points or 1.24 per cent.
The Indian stock markets have emerged as an oasis of safety in amidst the volatility of global financial markets in recent years, highlights a report by Anand Rathi, a financial service company.
The benchmark Nifty50 at the National Stock Exchange (NSE) opened at 24,189.85, up by 290.60 pts or 1.21 per cent, while BSE Sensex opened higher by 949.21 points or 1.21 per cent to trade at 79,708.61
The Sensex, India's benchmark stock index, opened with a sharp decline on Monday. The index has seen significant declines on several occasions, often in response to global and domestic economic events.
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.
The report highlights the key indicators which reflect the extreme valuations in the Indian markets. It added that the market cap to GDP ratio stands at 150 per cent, matching the 2007 peak.
The Nifty 50 index opened with a decline of 221.90 points (0.89 per cent) at 24,789 points, while the BSE Sensex index declined by 708.55 points (0.87 per cent) to 81,158.99 points during the opening session.
Indian markets on Thursday opened at a record high, with Nifty starting at 25,030.95 after gaining 92.15 points (0.37 per cent) from the previous close. The BSE Sensex also surged to a record high of 82,082 after opening at 81,949.68 points, with a gain of 208.34 points or 0.25 per cent.<
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.
Indian stock market indices opened with gains on Monday following the global rally. On the National Stock Exchange, the Nifty 50 index opened at 24,943.30, up by 108.45 points or 0.44 per cent, while the BSE Sensex gained 346.93 points or 0.43 per cent to reach 81,679.65 points.