The participants in the market will be keenly monitor Foreign Institutional Investments (FIIs) flow trends, global market performance, and Initial Public Offering activities in the domestic markets for the direction, stated market analysts.
The Indian stock markets on Thursday slumpped drastically after witnessing a selling pressure in major markets around the globe and indication from the US Federal Reserve of fewer rate cuts next year, less than anticipation of three or four.
Indian stock markets tanked sharply on Thursday following the selling pressure in major markets around the globe after the US Fed showed signs of fewer rate cuts next year.
Stock indices in India slumped for the third straight session on Wednesday, with investors closely waiting for the Federal Reserve monetary policy decision slated to be announced later today.
The BSE Sensex declined by 110.20 points to 80,574.26, while the NSE Nifty dipped 23.70 points to 24,312.30. Among Nifty companies, 19 advanced, while 30 recorded declines.
The BSE Sensex declined by 384.55 points, settling at 81,748.57, while the NSE Nifty shed 100.05 points, closing at 24,668.25. From the Nifty pack, only 9 companies advanced, while 40 stocks declined, reflecting a broadly bearish sentiment.
Indian stock markets started the fresh week on a cautious note on Monday, as both indices declined marginally during the opening session. The US Federal Reserve meeting is set to start on Tuesday, and markets around the globe are expecting a 25 basis points cut.
The participants in the Indian stocks markets will closely monitor various India Purchasing Managers' Index (PMI) of HSBC, US Fed interest rate decisions, foreign fund crude oil prices, and the action of newly appointed Reserve Bank of India (RBI) Governor, Sanjay Malhotra, according to t