Indian stock market is no less than a chopping trade for all and after considering the health of the entire global economy, the appetite of Indian investors has been damped away for bargain buys. Whatever the Indian Market gained till now, has been pared at all and this is the reason why it has been considered as this year’s worst market in the world.

Exhaustion stands ahead of the monthly derivative contracts expiry and even this has badly affected the Indian shares; during this year, they have lost around 21% of their value so far.

At 11:09 am (0539 GMT), the main 30-share BSE index with 16,227.6 points opened at 0.41% and later it was down to 0.36%. Moreover, 21 components of this index were in the red.

At the same time, the broader 50-share NSE index was also seen trading down by 0.43% at 4,867.7 points.

As told by the analysts, on Thursday, the volatile trade was typical ahead of the expiry of the August derivative contracts on the National Stock Exchange.

Neeraj Dewan, Director at Quantum Securities said, “There is no positive trigger for the market besides the fact that we are oversold. The only positive trigger could be tomorrow evening, when global markets are expecting something from Ben Bernanke”.