The selling spree continued in Indian stock markets on Friday, as both key indices extended their weekly losses, slipping nearly 1 per cent amid weak investor sentiment and a lack of clarity on the much-anticipated India-US trade deal.
The domestic stock markets are now in a healthier state compared to last year as the earnings cycle appears to be bottoming out, according to a report by Motilal Oswal Financial Services.
After three consecutive months of persistent selling, foreign portfolio investors (FPIs) again turned net buyers in the Indian stock markets in October.
Indian stock markets opened flat on Tuesday ahead of the much-awaited U.S. Federal Reserve meeting, even as Asian markets rallied on hopes of a rate cut.
At the end of the trading day, the BSE Sensex was down 150.68 points or 0.18 per cent at 84,628.16, and the Nifty50 at the National Stock Exchange (NSE) was down 29.85 points or 0.11 per cent at 25,936.20.
Indian stock markets opened on a flat note on Friday as investors remained in a wait-and-watch mode amid anticipation of an official announcement on a possible US-India trade deal.
Indian stock indices surrendered most of their gains from Thursday as the session progressed, mainly due to US sanctions on key Russian crude majors and indications that the US deal may not be finalised soon, analysts said. Profit booking by investors also likely weighed on the stock indi