Indian markets started the fresh week with a decline following weak global cues and a downturn in Asian markets. Globally, markets are under pressure as the Fed meeting date approaches and due to the slowdown in growth in Germany and the Chinese economy.
Indian stock indices took a sharp hit Friday, the last trading day of the current week, with all sectoral indices closing deep in the red. The sell-off was broad-based, with the banking and energy sectors taking the biggest hit.
Indian stock markets corrected sharply on Thursday amid global cues and FPI selling, as today marks the last day of the SEBI deadline for unregistered foreign investors to disclose beneficial owners.
Indian markets opened with gains on Thursday, despite selling pressure in major global stock markets. Both indices registered marginal increases at the opening.
Indian stock indices closed Wednesday's trade marginally in the red, mirroring weak cues from the US markets and along with weakness in domestic IT and PSU bank stocks. Profit booking at higher levels also dented the stock indices.
The Indian equity market on Tuesday opened flat note. The Benchmark indices BSE sensex opened at 82,652.69, up by 92.85, and Nifty at at 25313.40, up by 34.70.
Indian stock markets started September with gains as both indices opened positively on Monday. The Nifty 50 index opened with a gain of 97.70 points or 0.39 per cent at 25,333.60, while the BSE Sensex index began the week with a gain of 0.44 per cent or 359 points at 82,725.28 points.