Mumbai (Maharashtra) [India], October 30 (ANI): Indian stock markets opened flat amid a buying and selling trend by domestic investors and Foreign Institutional Investors (FIIs). The continuous selling by FIIs and buying support from Domestic Institutional Investors (DIIs) have shifted markets into a balanced mode. On Wednesday, Nifty and Sensex opened with a marginal dip.
The Nifty 50 index opened at 24,371.45 points, declining by 95.40 points or 0.
39 per cent. Meanwhile, the BSE Sensex opened at 80,237.85 points, down by 131.
18 points or 0.16 per cent. Also Read | Delhi Air Pollution: Air Quality Continues in 'Poor' and 'Very Poor' Categories As Smog Engulfs NCR; CPCB Records Highest AQI of 351 in Anand Vihar.
Experts noted that volatility is increasing globally across all assets as the U.S. election dates approach.
Volatility is also high due to a lack of clear trends in the election so far. "Nasdaq, Gold and Bitcoin making new record highs makes for a confusing assortment of assets. The US Presidential Elections are poised delicately, with prediction markets and pollsters unable to determine a trend.
Sticking to your asset allocation and focusing on your financial goals and staying invested for the long term, in quality companies, is a simple mantra for success. However, hardly anyone follows it. Nobody Knows about the short term.
Things are clearer for the long term. Till the long term, Nobody Knows" Ajay Bagga, Banking and Market Expert. Also Read | Naraka Chaturdashi 2.