Indian benchmark indices continued their downtrend, with Sensex, Nifty 50, and Nifty Bank falling over 2%. Despite Foreign Portfolio Investors (FPIs) pulling out $287 million, the selling was less severe than previous weeks.

On the 30-share Sensex platform, NTPC, Tata Motors and Infosys dominated in green. On the other side, Tata Steel, M&M, Adani Ports, SBI and JSW Steel emerged among the losers for the day

At a time when the Nifty 50 has hit a 5-month low and is off 10% from its record high, the market yet again started the trading session of November 14 with minor cuts, even as the shares of Eicher Motors gained more than 6% in early trade.

The S&P BSE Sensex lost 659.08 points to 78,837.07, while the NSE Nifty50 was down 205.35 points to 23,935.95 as of 2:15 PM.

Indian stock markets opened slightly lower on Thursday, continuing a downward trend driven by corporate earnings downgrades, higher inflation, and foreign fund outflows. Analysts suggest the downturn might persist until February,

After the market rout in the previous session, most sectoral indices saw a bounce back today, with the exception of Nifty FMCG, which still lingered in losses.

Benchmark Indian equity indices BSE Sensex and Nifty 50 opened slightly higher on Thursday, amid mixed global cues.

The trends on Gift Nifty also indicate a weak start for the Indian benchmark index. The Gift Nifty was trading around 23,620 level, a discount of nearly 38 points from the Nifty futures’ previous close.

Stock Market Highlights: 29 out of the 50 constituent stocks of the benchmark NSE Nifty50 ended lower, dragged by Hindustan Unilever, Britannia Industries, BPCL, Tata Consumer, and Nestle India