Indian shares fell 2.0 percent on Monday, heading towards their biggest single-day drop in four weeks as stronger-than-expected US jobs data raised expectation the Federal Reserve would raise interest rates sooner than previously thought.
India's BSE index fell for a second consecutive session on Tuesday, to mark its lowest close in nearly 3-1/2 weeks, on continued worries the U.S. Federal Reserve may hike interest rates by mid-year, dampening appetite for risky assets. The S&P BSE Sensex and CNX Nifty ended 0.47%-0.51% lower each.
India's benchmark Sensex fell to a one-month closing low on Wednesday, falling for the third straight session, as metal stocks such as Hindalco Industries plunged over an investigation into the allocation of coal blocks. The S&P BSE Se nsex and CNX Nifty ended 0.18%-0.14% lower each.
Indian shares rose nearly 1.0 percent on Thursday on hopes Prime Minister Narendra Modi would be able to steer a bill seeking to raise foreign investment limits in the insurance sector through the upper house of parliament, raising optimism about further economic reforms. The Sensex and Nifty ended 0.95-0.87 percent higher each.
Indian shares fell nearly 1.5 percent on Friday, marking their biggest weekly fall this year, as lenders slumped after an increase in consumer inflation data raised concerns about interest rate cuts and sent bond yields surging. The Sensex and Nifty ended 1.48-1.46 percent lower each.
The foreign institutional investors (FIIs) have been the net sellers of the Indian stocks to the tune of Rs20.26 crore and the domestic investors bought Indian shares worth a net of Rs531.5 crore as on March 11, 2015.
