Indian equity market has entered a phase of uncertainty, off late, mirroring weak cues from the overseas peers as worries over global economic slowdown, higher bonds yields and spurt in crude oil prices weigh on the sentiment.
The S&P BSE benchmark, the Sensex, and the NSE Nifty50 have declined around 3 per cent each from their respective summits at 67,803 and 20,222 in recent trading sessions.
Presently, the benchmark indices are seen testing support near their key moving averages. The upcoming RBI policy in early October followed by the Q2 earnings season could add to the market volatility. And as such, investors will need to exercise caution while investing in individual shares.