Amar Ambani of YES Securities expects Nifty to settle between 22,200 to 23,000 on a closing basis. Value buying from domestic investors will emerge, followed by FII inflows, he said.

The Bears bandwagon has continued in the market for the seventh consecutive day. Among the key reasons for the decline are downgrades in major stocks for FY25, coupled with consistent foreign investor outflow,

Kotak said a large section of non-institutional investors has become price-agnostic buyers, as can be seen from the continuous investment through SIPs into domestic equity mutual funds irrespective of market levels.

TCS, Infosys, NTPC, HCL Technologies, Axis Bank, Tech Mahindra, Bajaj Finserv, Sun Pharma, IndusInd Bank and Reliance Industries major laggards.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty closed at 23,532.70, while Sensex ended at 77,580.31. Nifty 50 has corrected more than 10% from the record high it hit in September 2024.

Equity benchmark indices declined in early trade on Monday, owing to relentless foreign fund outflows, selling in IT stocks and weak leads from the U.S. markets. The BSE benchmark Sensex declined 156.72 points to 77,423.59 in early trade. The NSE Nifty dipped 64.25 points to 23,468.45.

The two key equity benchmark indices, Sensex and Nifty, on Monday again closed in the red because of unabated foreign fund outflows and selling in IT stocks amid weak global cues. The BSE Sensex shed 241 points to end at 77,

Indian stock markets opened higher on Monday, showing a positive trend after last week's losses. The BSE Sensex gained 282 points or 0.36 per cent in the pre-open session, reaching 77,862. Similarly,

The Sensex was up 283 points or 0.37 percent at 77,864, and the Nifty was up 70.9 points or 0.3 percent at 23,603.60. Stock Market Last Week Benchmark Sensex declined by 110 points in a see-saw trade on Thursday,