Stock indices settled substantially lower Thursday, with foreign portfolio investors (FPIs) continuing to offload their assets in India lately, coupled with lower-than-expected July-September earnings of India Inc.
On Friday evening, on the occasion of Diwali Laxmi Puja, stock exchanges in India will be open for a special one-hour trade, in what is called Muhurat trading.
Indian markets opened flat on Diwali, with both indices struggling between bears and bulls. The Nifty index traded flat with a marginal dip at 24,326.75, down by 0.06 percent during the opening session, while the BSE Sensex index also dipped marginally to trade almost flat at 79,859.62 poin
Indian stock markets opened flat amid a buying and selling trend by domestic investors and Foreign Institutional Investors (FIIs). The continuous selling by FIIs and buying support from Domestic Institutional Investors (DIIs) have shifted markets into a balanced mode.
The continuous selling by foreign investors in October has led the market to fall by 6.5 per cent this month. But this fall does not feature in the top 10 falls of Nifty since its inception in the mid-1990s.
Indian stock markets opened flat on Tuesday amid continued selling pressure from foreign investors. Yesterday, both indices gained even after the selling by foreign investors.
The retail investors are on continues surge in the Indian stock markets, a recent report by National Stock Exchange (NSE), highlighted that around 37 lakh new retail investors joined NSE in September taking the total investor base to 10.37 crores.
After the Indian stock markets extended their loss for the fourth consecutive week, dropping over 2.5 per cent, the two primery concerns, the foreign institutional investors (FIIs) selling and weak earnings are expected to continue influencing sentiment into the coming week, as per the marke