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.
The retail investors are on continues surge in the Indian stock markets, a recent report by National Stock Exchange (NSE), highlighted that around 37 lakh new retail investors joined NSE in September taking the total investor base to 10.37 crores.
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
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 selling pressure continues in the Indian markets on Wednesday for the third consecutive day this week as the bears continuously pull the indices down.
The investors will focus on the upcoming quarterly earnings of the companies and US economic data for direction, in the absence of any major triggers in the stock market starting from Monday, as per the experts.
Indian stock markets are witnessing a significant shift in investment patterns. Traditionally, foreign investors, often referred to as market movers, have had a dominant influence in the market.
The market's performance reflected a cautious sentiment, with 18 of the Nifty 50 stocks advancing while 30 declined. Among the top gainers were BPCL, ICICI Bank, Bharti Airtel, Britannia, and Asian Paints, while HDFC Life, Wipro, Bajaj Auto, Bajaj Finance, and Hindalco were the biggest loser