The Indian benchmark indices, Sensex and Nifty50 on Wednesday opened in red territory amid the cyclical earnings slowdown and global cues which dampen investor sentiments.
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.
Among Nifty-listed companies, 19 stocks advanced, 30 declined, and 1 remained unchanged. Power Grid, Trent, HCL Technologies, Infosys, and Tech Mahindra led the gains, while Asian Paints, Britannia, Apollo Hospitals, Cipla, and ONGC registered significant losses.
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.
Stock indices in India settled in the red on Friday, extending losses from the past session. Sensex closed at 79,486.32 points, down 55.47 points or 0.070 per cent, while Nifty closed at 24,148.20 points, down 51.15 points or 0.21 per cent.
The Sensex dropped 377.73 points to 79,164.55 at opening, while the Nifty declined by 121.30 points to 24,078.05. With only eight companies advancing and forty-two in decline within the Nifty 50, the market reflected broad-based pressure, as sectors across the board saw a pullback.
Indian indices declined by over a per cent each on Thursday, as investors await US Federal Reserve Chair Jerome Powell's remarks on the future direction of the rate trajectory.
Indian stock markets opened flat with a marginal dip on Thursday after Donald Trump's victory, while FIIs continued to remain net sellers in Indian markets.