Indian stock markets witnessed a sharp decline during opening on Monday as US President Trump imposed trade tariff on Columbia which dampened investor sentiment.
Indian markets are bracing for a pivotal week ahead, with key events like the Union Budget, macroeconomic data, Q3 earnings, and the US Fed policy decision set to influence market sentiment.
Foreign Portfolio Investors (FPIs) have been consistently selling their holdings in the Indian stock markets. According to data from the National Securities Depository Limited (NSDL), FPIs sold equities worth Rs 19,759 crore during the week from January 20 to January 24.
Domestic stock markets on Tuesday witnessed a bloodbath, ending on a weak note due to the selling pressure in heavyweight stocks such as Kotak Bank, Zomato, RIL and US President Donald Trump's aggressive take on the trade tariffs on various countries