Foreign portfolio investors (FPIs) are on course to turn net sellers in Indian stock markets for the second straight month through November, after having remained net buyers four months on a trot until September.
The Indian stock markets will react to the recently announced election outcomes of the states and domestic macroeconomic data, Foreign Institutional fund flows, and Monetory policy review meeting of Reserve Bank of India's (RBI) in the first week of December, according to the market analyst
Mumbai has emerged as a leader in luxury property growth, ranking third in the APAC region with an 11.5 per cent year-on-year (YoY) increase in Q3 2024. This growth is closely linked to the robust performance of Indian stock markets, which have reached record highs.
The Nifty 50 index opened at 23,411.80 points with a gain of 61.90 points or 0.27 per cent, while the BSE Sensex index opened at 77,349.74 points with a gain of 193.95 points or 0.25 per cent.
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.
Indian stock market indices started the fresh week on a positive note on Monday as both indices gained in the opening session but the selling pressure continues to remain.
Despite a significant decline in the Indian stock markets in October 2024, investors maintained strong interest in equity linked schemes like mutual funds, particularly through systematic investment plans (SIPs).
The Indian stock markets are closed on Friday in observance of Prakash Gurpurb, marking the birth anniversary of Guru Nanak Dev, the founder of Sikhism.