The Indian stock markets will react to the recently announced election outcomes of the states and domestic macroeconomic data, Foreign Institutional fund flows, and Monetory policy review meeting of Reserve Bank of India's (RBI) in the first week of December, according to the market analyst
The domestic stock markets on the last working day of the week erased the losses after taking support from positive global cues that included an indication of strength in the labor market of the United States and positive sentiments in other Asian markets.
The Nifty 50 index opened at 23,411.80 points with a gain of 61.90 points or 0.27 per cent, while the BSE Sensex index opened at 77,349.74 points with a gain of 193.95 points or 0.25 per cent.
The Indian stock market has historically witnessed significant volatility, with intra-year drawdowns of 10 per cent or more recorded in 22 times out of the last 25 years, according to a recent report by Motilal Oswal.
Indian stock market indices started the fresh week on a positive note on Monday as both indices gained in the opening session but the selling pressure continues to remain.
The Indian stock markets are closed on Friday in observance of Prakash Gurpurb, marking the birth anniversary of Guru Nanak Dev, the founder of Sikhism.