Foreign institutional investors (FIIs) have pulled out a massive Rs 20,024 crore from Indian equities this week alone, resulting in a 2.5 per cent dip in the key stock indices, Nifty and Sensex.
The Nifty 50 index opened with a marginal gain of 0.22 per cent or 56.10 points at 25,027.40 points, while the BSE Sensex index opened with a gain of 0.31 per cent at 81,758.07 points, gaining 256.71 points.
The Nifty index gained 59.20 points to open at 25,023, while the BSE Sensex index was also up by 0.24 per cent, gaining 195 points to open at 81,576.93.
Indian stock markets opened with gains on Wednesday, as investor confidence received a boost following favorable assembly election results for the ruling party.
In the past five trading sessions, Indian stock markets have seen a significant erosion of investor wealth, with around Rs 13 lakh crore wiped out, according to data from the Bombay Stock Exchange (BSE).