On Monday morning, investors faced a significant setback as the Indian equity markets plunged sharply, with the BSE Sensex dropping by 1,192 points. This decline translated to a staggering erosion of wealth amounting to Rs 7.37 lakh crore, reflecting a cautious atmosphere among investors ahead of key events like the US presidential elections and the Federal Reserve's interest rate decision later this week.

The BSE benchmark fell to 78,532.12 during early trading, driven largely by declines in major stocks such as Reliance Industries, Sun Pharma, and Tata Motors. The market capitalization of BSE-listed companies plummeted to Rs 4,40,72,863.01 crore (approximately USD 5.24 trillion), indicating widespread sell-offs.

Foreign Institutional Investors (FIIs) exacerbated the downturn, having sold equities worth Rs 211.93 crore on Friday alone. October witnessed a record outflow of Rs 94,000 crore (around USD 11.2 billion) from Indian markets, attributed to high domestic valuations and the appeal of cheaper Chinese stocks.

In contrast, some stocks showed resilience, with Mahindra & Mahindra, Tech Mahindra, HCL Technologies, and IndusInd Bank emerging as gainers amidst the broader market decline.

While Indian markets struggled, Asian counterparts like Seoul, Shanghai, and Hong Kong experienced upward momentum. Notably, US markets ended positively on Friday, providing a glimmer of hope.

In recent trading activity, the BSE and NSE celebrated Diwali with a one-hour special 'Muhurat Trading' session on November 1, where the BSE benchmark had previously climbed 335.06 points to settle at 79,724.12, reflecting the festive spirit despite the subsequent downturn. As the markets navigate this turbulence, investor sentiment remains fragile amid geopolitical uncertainties.

On Monday morning, investors faced a significant setback as the Indian equity markets plunged sharply, with the BSE Sensex dropping by 1,192 points. This decline translated to a staggering erosion of wealth amounting to Rs 7.37 lakh crore, reflecting a cautious atmosphere among investors ahead of key events like the US presidential elections and the Federal Reserve's interest rate decision later this week.

The BSE benchmark fell to 78,532.12 during early trading, driven largely by declines in major stocks such as Reliance Industries, Sun Pharma, and Tata Motors. The market capitalization of BSE-listed companies plummeted to Rs 4,40,72,863.01 crore (approximately USD 5.24 trillion), indicating widespread sell-offs.

Foreign Institutional Investors (FIIs) exacerbated the downturn, having sold equities worth Rs 211.93 crore on Friday alone. October witnessed a record outflow of Rs 94,000 crore (around USD 11.2 billion) from Indian markets, attributed to high domestic valuations and the appeal of cheaper Chinese stocks.

In contrast, some stocks showed resilience, with Mahindra & Mahindra, Tech Mahindra, HCL Technologies, and IndusInd Bank emerging as gainers amidst the broader market decline.

While Indian markets struggled, Asian counterparts like Seoul, Shanghai, and Hong Kong experienced upward momentum. Notably, US markets ended positively on Friday, providing a glimmer of hope.

In recent trading activity, the BSE and NSE celebrated Diwali with a one-hour special 'Muhurat Trading' session on November 1, where the BSE benchmark had previously climbed 335.06 points to settle at 79,724.12, reflecting the festive spirit despite the subsequent downturn. As the markets navigate this turbulence, investor sentiment remains fragile amid geopolitical uncertainties.