The continuous selling by foreign investors in October has led the market to fall by 6.5 per cent this month. But this fall does not feature in the top 10 falls of Nifty since its inception in the mid-1990s.
Indian stock markets opened flat on Tuesday amid continued selling pressure from foreign investors. Yesterday, both indices gained even after the selling by foreign investors.
Bagga said, "Indian markets are seeing a mild bounce today. The reason could be short covering going into the monthly expiry on Thursday, 31st October. Traders normally have a propensity to carry over longs more frequently than shorts. Also, the FII selling pressure in the derivatives market
After the Indian stock markets extended their loss for the fourth consecutive week, dropping over 2.5 per cent, the two primery concerns, the foreign institutional investors (FIIs) selling and weak earnings are expected to continue influencing sentiment into the coming week, as per the marke
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 Sensex plunged by 662.81 points, ending the day at 79,402.29, while the Nifty fell 218.60 points to close at 24,180.80. Among Nifty-listed companies, only 12 stocks advanced, whereas 38 stocks declined, reflecting a broad-based sell-off across sectors.
The Sensex fell by 84.98 points, opening at 80,166.96, while the Nifty slipped by 15.35 points to start at 24,420.15. Among Nifty companies, market breadth was slightly negative, with 21 stocks advancing, 27 declining, and 2 remaining unchanged.
The selling pressure continues in the Indian markets on Wednesday for the third consecutive day this week as the bears continuously pull the indices down.