The Nifty 50 has lost about two per cent this week and is down 7.15 per cent since hitting a record high on September 27. Foreign institutional investors (FIIs) have net sold Indian shares for eighteen sessions through Wednesday, redirecting funds to China on Beijing's stimulus measures and over relatively cheaper stocks.

On October 25, 2024, the Indian stock market faced significant turbulence as the Sensex and Nifty opened flat but quickly slid into negative territory, primarily driven by a combination of disappointing earnings reports and ongoing foreign outflows.

Indian benchmark equity indices BSE Sensex and Nifty 50 opened marginally higher but pared their gains seconds later on Friday.

The trends on Gift Nifty also indicate a flat start for the Indian benchmark index. The Gift Nifty was trading around 24,450 level, a discount of nearly 2 points from the Nifty futures’ previous close.

Bajaj Auto, UltraTech Cement, Shriram Finance, Titan, Grasim and Mahindra and Mahindra were among the top gainers on the Nifty index. Hindustan Unilever, SBI Life, Hindalco, Nestle India and Bajaj Auto were among the top losers.