Benchmark equity indices retreated nearly 1 per cent on Friday to log their worst weekly losing streak in 14 months amid sustained selling by overseas investors and earnings disappointments from major firms. Concerns over high valuations only compounded the downward pressure.
Following a 663-point drop, or 0.8 per cent decline, the Sensex ended at 79,402—its lowest closing level since August 14. It is also the first time since then that the 30-share index has closed below the 80,000 mark.
The Nifty 50 index ended 219 points (or 0.9 per cent) lower at 24,181.
For the week, the Nifty 50 and the Sensex declined by 2.7 per cent and 2.2 per cent, respectively, marking a fourth straight weekly loss and their longest weekly losing run since August 2023. From their recent highs, the Sensex and Nifty have now slipped 7.6 per cent and 8 per cent, respectively.
Diese Geschichte stammt aus der October 26, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der October 26, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Changes in policy terms must be conveyed
Mustafa Pithawala had taken a home loan of ₹20,11,101 from Tata Capital Housing Finance on October 19, 2015. To secure its repayment, he was covered under ICICI Lombard Group Secure Mind Policy, valid from October 23, 2015, to October 22, 2020. This policy also covered personal accident and major medical illnesses and procedures such as coronary artery bypass graft surgery (CABG).
Begin early, use equity MFs, NPS and PPF to build corpus
Extending work life may not be easy: Health issues, changing workplace needs may upend plans
Sunny skies for REITs, with a high chance of growth
Home stretch for real estate investment trusts as strength of the office leasing market and Q2 results show endurance
The steady drumbeat of value creation
HSBC Value Fund, launched in January 2010, has consistently ranked in the top 30 percentile of the focused funds category in the CRISIL Mutual Fund Ranking (CMFR) for three consecutive quarters up to June 2024.
Moderate rally in Samvat 2081; DIIs key drivers'
The markets are set to enter Samvat 2081 after a year where midcap and smallcap indices outperformed their larger peers. JIGNESH DESAI, chief executive officer of institutional equities at Centrum Broking, in conversation with Puneet Wadhwa in Mumbai, discusses how specific stocks in the largecap universe will continue to attract interest. He also shares his outlook on the midcap and smallcap rally, which he expects to persist over the next two to three years, albeit with intermittent corrections that could present buying opportunities. Edited excerpts:
Stop, think, then take action: PM's mantra to counter 'digital arrests'
Prime Minister Narendra Modi on Sunday flagged the issue of fraudsters targeting people with the cyber crime of \"digital arrests\" and urged people to adopt the mantra of stop, think and take action when faced with such a scam, asserting that these steps will provide digital security to them.
In a first, standard treatment norms for vets unveiled
They discourage excessive use of antibiotics in poultry and livestock
Luxe hotels curate Diwali hampers beyond the box
Season highlights: Locally sourced goodies, sustainable packaging
When deposits become 'assets' of banks
Offering a higher interest rate is an easy but costly solution. It's time for banks to innovate
SCENT OF A MAN
Why domestic telcos smell trouble if Elon Musk's Starlink gets satellite spectrum at administrative prices