Bharat Express

indian stock market

Indian stock market bounced back after a shaky start with initial losses led by declines in PSU banks, financial services, pharma, and FMCG sectors.

The market outlook for the upcoming week will be influenced by crucial macroeconomic indicators and the final batch of Q2 earnings reports.

Despite significant FII outflows, the Indian market has shown resilience, buoyed by sustained buying from domestic institutional investors (DIIs) and individual high-net-worth investors (HNIs).

The benchmark indices fell by over 1 percent as Sensex dropped 836 points, or 1.04 percent, ending at 79,541.79. Nifty also declined by 284.70 points, or 1.16 percent, closing at 24,199.35

The Sensex closed at 80,378.13, up by 901.50 points or 1.13%, while Nifty ended at 24,484, gaining 270.75 points or 1.12%

The stock market saw the Sensex drop over 900 points amid concerns over the US presidential election and the Federal Reserve's policy meeting.

By early afternoon, the Nifty Bank index had tumbled to 51,097.95, down 575.95 points or 1.11%. The Nifty Midcap 100 index also suffered, dropping 824.85 points or 1.46% to reach 55,671.20, while the Nifty Small Cap 100 index fell 410.75 points, or 2.19%, settling at 18,384.

The Indian stock market opened the week down, facing selling pressure in sectors like automobiles, IT, and FMCG.

Indian stock market opened in the red on Tuesday, with selling pressure observed across the auto, IT, financial services, and pharmaceutical sectors.

Indian stock market ended on a noticeable selling pressure in the auto and IT sectors. Hindustan Unilever Ltd emerged as one of top losers.