The Indian stock market continues its downward trend due to ongoing global uncertainty and persistent foreign portfolio investor selling. Crude oil prices have surged, weighing heavily on investor sentiment, while the rupee showed signs of stabilisation.
The cash market segment of equity markets has witnessed a significant surge in average daily turnover, driven by the fear of missing out (FOMO) syndrome among retail investors. With a 22-month high of Rs 1.42 lakh crore in May, the market is expected to remain strong despite global uncertainties.
The Indian stock market witnessed a sharp decline due to a below-normal monsoon forecast and persistent geopolitical uncertainties, with the Sensex plummeting 1,092 points and the Nifty diving 359 points, amid concerns about agricultural output and inflation.
