At 9.19 am, BSE 30-share Sensex declined 79.17 points to 62,574.36 while broad-based Nifty also lost 27 points and was at 16,633.20 level. The majority of the key indices across the world's stock exchanges were trading in the losses during morning trade.
At the time of writing this report, Sensex traded at 62,516.75 points, down 351.75 points or 0.56 per cent, whereas Nifty traded at 18,600.80 points, down 95.30 points or 0.51 per cent. Rupee opened at 81.23 against the US dollar. On Friday, it closed at 81.32.
At 9.20 am, Sensex traded at 63,109.24 points, down 174.95 points or 0.28 per cent, whereas Nifty traded at 18,762.50 points, down 50.00 points or 0.27 per cent.
Robust foreign fund inflows into Indian equities, the appreciating Rupee, and hints by the US central bank about the moderating rate of interest hikes supported investors' sentiment.
Broader market indices mirrored the gains in headline indices. Petrochemical converters led the gains, with RIL jumping over 3 per cent and automobile stocks also booked sharp gains.
On October 19, 2021, Nifty had reached a high of 18604.45 levels for the first time in its history. On the particular date, Nifty50 opened with 18602.35 to settle at 18477.05 levels. On this particular day, more than 36,82,30,309 shares traded on the National Stock Exchange.
Among the broad-based indices, BSE SmallCap dropped 74 points to 62,197.70 with ITDC, Religare, Finolex Industries amongst the gainers on the index.
BSE MidCap lost 130 points to 62,142.17, with Bank of India, IOB, Max Health and GSPL amongst the active stocks on the index while BSE LargeCap
At the time of writing this report, Sensex traded at 61,828.47 points, up 317.89 points or 0.52 per cent, whereas Nifty traded at 18,370.30 points, up 103.05 or 0.56 per cent.
Sanyal, who made a series of tweets, said there is even an index on direct democracy that is meant for a small country like Switzerland and while India and the US get a zero, even Afghanistan does better.
The working paper 'Why India does poorly on global perception indices: Case study of three opinion-based indices' written by economists Sanjeev Sanyal and Aakanksha Arora, looked at three indices - Freedom in the World Index, Economist Intelligence Unit (EIU) Democracy Index and Variety of D