The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 24,885 level, a discount of nearly 100 points from the Nifty futures’ previous close.

India stocks were higher after the close on Tuesday, as gains in the Capital Goods, Power and Public Sector Undertakings sectors led shares higher. At the close in NSE, the Nifty 50 added 0.88%, while the BSE Sensex 30 index

Sensex, Nifty updates on 08 October 2024 - Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets

Despite some analysts hoping that foreign portfolio investment (FPI) outflows from India might reverse, further declines in Indian stocks cannot be dismissed, as per experts.

The Indian stock market is expected to open lower on Tuesday as the global markets faced significant sell-offs. The domestic equity benchmarks, Sensex and Nifty 50, will likely see losses, following the trend from Asian and US markets.

On Monday, the BSE Sensex fell by 638.45 points to close at 81,050, while the Nifty index dropped by 197.30 points, ending at 24,817.30. Notable gainers included Mahindra and Mahindra and ITC, whereas Adani Ports and SBI were among the top losers.

This week, the Nifty 50 and Sensex saw their steepest decline since June 2022, both dropping over 4%, driven by global uncertainty and geopolitical tensions. Key contributors to this downturn included Hero MotoCorp,