The buying spree in Indian stock markets by foreign portfolio investors (FPIs) continued into the second month. The net foreign investments into the Indian stock market stood at Rs 32,365 crore, data made available by National Securities Depository Limited showed.
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 Indian stock market exhibited volatility over the past week after touching a fresh lifetime high. The benchmark indices closed marginally lower amid mixed signals.
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.
The index hit the 20,000 mark for the first time on September 11, 2023, and took 221 trading days from that level to hit the 25,000 mark on August 01, 2024.
The Indian stock market achieved a new milestone, with both Nifty and Sensex reaching a record high on Thursday. The markets got support from the US Federal Reserve deciding to keep the interest rates unchanged for the eighth straight time.
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.
After recovering from the post-budget losses, the Indian stock market closed in green for the first time this week after five consecutive trading day's losses.
The Indian stock market opened with minor gains on Friday remaining negative for two consecutive days after the announcement of the Union Budget 2024-25.