Concerns over tepid corporate earnings growth and the trajectory of US Federal Reserve (Fed) rate cuts compounded investor anxieties. The domestic market has been grappling with foreign fund flows shifting to China and the fallout from the Iran-Israel conflict. The Sensex ended the session at 81,050, a decline of 639 points, or 0.8 per cent.
The Nifty closed at 24,796, a drop of 219 points, or 0.9 per cent. The total market capitalisation of BSE-listed companies decreased by ₹8.9 trillion to 452 trillion. The Nifty has declined by 5.4 per cent over the past six sessions, while the Sensex has fallen by 5.6 per cent.
FPIs sold shares worth nearly 8,300 crore, extending their month-to-date selling to almost 40,000 crore. Domestic institutional investors bought shares worth 13,245 crore - their highest single-day purchase.
In a note, Motilal Oswal Financial Services estimated that Nifty earnings would grow marginally by 2 per cent in the quarter ended September, the lowest growth in 17 quarters.
Denne historien er fra October 08, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra October 08, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Used-truck prices spike up to 21%
With the government reviewing its vehicle scrappage policy, the price of used trucks has surged by up to 21 per cent in certain segments. The rise in used-market prices is also driven by demand from the government's infrastructure projects, say industry sources.
RAJASTHAN: Traders flag land, transportation woes ahead of summit
The Rajasthan government is gearing up for a three-day investment summit in December.
Chevron to sell stake worth $6.5bn to Canadian oil firm
Chevron Corp agreed to sell stakes in oil sands and shale assets in Western Canada to Canadian Natural Resources for $6.5 billion.
Surging Chinese stocks may advance another 20%, says Goldman Sachs
Goldman Sachs Group upgraded its call on Chinese stocks to overweight, as it joined a camp of optimists that are touting the positive impact of Beijing's stimulus blitz.
Ola EVs on a bumpy ride as social media takes stock
Comedian Kunal Kamra and Ola's Aggarwal engaged in a verbal duel on X
India's manufacturing under-performance: A new clue from 'multi-plants'
Perhaps the biggest failure of India's development and an equally big puzzle is why India has under-performed in labour-intensive manufacturing whether measured in terms of output, exports or employment.
Orders, input costs to keep cap goods on rails
Brokerages predict 12-22% revenue growth, 13-18% rise in Ebitda
Equity rally fuels fastest quarterly growth in MF assets in five years
Average AUM in Q2FY25 rises 12.3% sequentially to ₹66.2 trillion
Hero Motors withdraws papers for ₹900 cr IPO
Hero Motors, the auto components firm of the Hero Motors Company (HMC) Group, has withdrawn its documents for an initial public offering (IPO) worth 900 crore, an update Securities and with the Exchange Board of India (Sebi) showed on Monday.
FPIs squeeze mkts for a sixth day
Benchmarks S&P BSE Sensex and National Stock Exchange Nifty declined for the sixth consecutive session on Monday amid sustained selling by foreign portfolio investors (FPIs).
