The domestic benchmark indices opened under pressure on Friday, with both Nifty 50 and BSE Sensex witnessing sharp declines amid weak global cues and risk-off sentiment.
Selling pressure returned to the Indian stock markets on Thursday as both benchmark indices opened in the red amid the absence of any fresh trigger, even as foreign investors continued to show positive interest in the markets.
The domestic equity markets entered a consolidation phase on Wednesday after the recent rally driven by the India-US deal, with indices opening flat but registering modest gains amid returning foreign inflows.
The share market in the country witnessed a turnaround with a positive opening continuing on Tuesday, as foreign inflows returned to domestic markets and investor sentiment remained upbeat.
Indian stock indices settled lower on Thursday, with analysts attributing the decline to profit booking following the recent uptick after the announcement of the India-US trade deal.
Domestic stock markets witnessed a return of selling pressure on Wednesday morning as global cues turned weak following a fresh escalation in tensions in the Middle East and sharp selling in big technology stocks in the United States.
Indian stock indices recovered on Monday, though not entirely, after the Budget day nosedive, partly due to value buying and weakening global crude oil prices.
Global investment bank Morgan Stanley has reiterated a constructive view on Indian equities following the Union Budget, placing an overweight stance on Financials, Consumer Discretionary and Industrials, according to its latest report.
The report highlighted that Indian equities are facing growing disruption threats across sectors, while Indian companies have not made meaningful investments to counter these challenges.
Domestic stock markets opened under heavy selling pressure on Friday amid heightened global market volatility, triggered largely by sharp swings in gold and silver prices.
The share market in the country opened flat on Tuesday as investors remained in a wait-and-watch mode ahead of the upcoming Union Budget this weekend, with market volatility showing signs of cooling.
The domestic stock markets continued their weak trend on Wednesday, with benchmark indices opening in the red amid subdued global cues and rising risk aversion.