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.
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 selling in the Indian stock markets, the growth in the demat accounts also declined in October, highlighted a report by ICICI Securities
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.
Amid sustained selling by foreign portfolio investors (FPIs) in the Indian stock markets, Sriram Krishnan, Chief Business Officer of the National Stock Exchange (NSE), expressed confidence in the resilience of India's growth story.