Indian markets experienced one of the worst falls on Monday with both the indices Nifty, and Sensex registered high losses during the opening trade. Indian stock markets followed the global bloodbath.
The buying spree in Indian stock markets by foreign portfolio investors (FPIs) continued into the second month. The net foreign investments into the Indian stock market stood at Rs 32,365 crore, data made available by National Securities Depository Limited showed.
According to analysts, Indian stock markets experienced a sharp fall, tracking a sell-off in the US markets. Weak US manufacturing activity raised concerns that the economy might be slowing faster than anticipated.
The Nifty 50 index opened with a decline of 221.90 points (0.89 per cent) at 24,789 points, while the BSE Sensex index declined by 708.55 points (0.87 per cent) to 81,158.99 points during the opening session.
Indian stock markets ended flat on Tuesday after a volatile trading session. The Nifty 50 index tried to touch the historic mark of 25,000 but closed below.
On Tuesday, Nifty at National Stock Exchange or NSE opened in green territory at 24,839.40 up 3.30 points a marginal 0.01 per cent up, while the BSE Sensex opened with the red mark at 81349.30 down 6.56 points or 0.01 per cent.
Indian benchmark indices experienced high volatility during the trading session on Monday as the economic survey presented a conservative economic growth forecast for the financial year 2024-25.
The Indian market opened Thursday's trading session with a marginal decline amid weak global cues. The Nifty 50 index dropped by 85 points, or 0.37 per cent, to 24,526, while the BSE Sensex fell by 304 points to 80,406 during early trade.
As the week gone by saw Indian stock markets touching fresh all-time highs and at the same time volatile trading days, the market is likely to see stock specific moves gain traction on the back of ongoing earning season, as per the market analysts.