Indian stock markets faced significant declines for the fifth consecutive day, driven by disappointing earnings, foreign fund outflows, and rising inflation concerns.
The Business Guardian|November 14, 2024
Indian stock markets faced significant declines for the fifth consecutive day, driven by disappointing earnings, foreign fund outflows, and rising inflation concerns.
Indian stock markets faced significant declines for the fifth consecutive day, driven by disappointing earnings, foreign fund outflows, and rising inflation concerns.

Benchmark stock indices in India witnessed a significant decline for the fifth consecutive day, reaching multi-month lows. This downturn was driven by a combination of factors, including disappointing Q2 earnings, ongoing foreign fund outflows, and mounting concerns over rising domestic inflation.

The Sensex closed at 77,691 points, down 984 points or 1.25%, while the Nifty ended at 23,559 points, down 324 points or 1.36%. The day's trading saw all sectoral indices in the red, reflecting broad-based losses across the market.

ICRA Analytics highlighted that the Indian equity markets opened on a positive note but quickly succumbed to a sell-off, which swept through all sectors. The primary catalysts for this were a rise in the US dollar index and persistent foreign fund outflows. Despite a brief period of optimism following the US elections, the Indian market's attention has largely shifted to domestic factors.

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DELHI-NCR ENFORCES GRAP STAGE-3
The Business Guardian

DELHI-NCR ENFORCES GRAP STAGE-3

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1 min  |
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The Business Guardian

Delhi pollution plea in SC on Monday

The Supreme Court on Thursday agreed to urgently list on November 18, a plea seeking enforcement of measures to check pollution in the national capital after it was told that Delhi should not become the most polluted city in the world.

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1 min  |
November 15, 2024
Online Classes for schools up to class 5: CM Atishi
The Business Guardian

Online Classes for schools up to class 5: CM Atishi

Due to rising pollution levels, all primary schools in Delhi will be shifting to online classes, until further directions

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1 min  |
November 15, 2024
Defamation suit: Delhi High Court issues summons to users who 'edited' ANI's Wikipedia page
The Business Guardian

Defamation suit: Delhi High Court issues summons to users who 'edited' ANI's Wikipedia page

The Delhi High Court in the case Wikimedia Foundation v. ANI & Ors observed and has issued summons to three individuals who allegedly edited the Wikipedia page of news agency Asian News International, ANI.

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1 min  |
November 15, 2024
Calcutta High Court imposes 1,500 limit on attendees at BJP's rally in Howrah, expresses concerns over 'narrow stretch' of road
The Business Guardian

Calcutta High Court imposes 1,500 limit on attendees at BJP's rally in Howrah, expresses concerns over 'narrow stretch' of road

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1 min  |
November 15, 2024
DELHI HIGH COURT REJECTS INDERPAL GABA'S CHALLENGE TO NIA ARREST AND REMAND OVER PROTEST AT INDIAN HIGH COMMISSION IN LONDON
The Business Guardian

DELHI HIGH COURT REJECTS INDERPAL GABA'S CHALLENGE TO NIA ARREST AND REMAND OVER PROTEST AT INDIAN HIGH COMMISSION IN LONDON

The Delhi High Court in the case Inder Pal Singh Gaba vs. National Investigation Agency observed and has rejected the petition of Inder Pal Singh Gaba, allegedly involved in the protest at the High Commission of India, London, United Kingdom, challenging his arrest by the National Investigation Agency, NIA and seeks for the release of him from custody.

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2 mins  |
November 15, 2024
Allocation of cases: Supreme Court notifies new subject-wise roster with effect from November 11
The Business Guardian

Allocation of cases: Supreme Court notifies new subject-wise roster with effect from November 11

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1 min  |
November 15, 2024
The Business Guardian

Supreme Court: Right to shelter a facet of Article 21; state must satisfy why entire property needs to be demolished

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1 min  |
November 15, 2024
Supreme Court: Compassionate appointment is not a vested right
The Business Guardian

Supreme Court: Compassionate appointment is not a vested right

The Supreme Court in the case Tinku v State of Haryana observed and has held that compassionate appointment is not a vested right which can be granted without any kind of scrutiny or undertaking a process of selection.

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2 mins  |
November 15, 2024
K'TAKA TO SET UP SIT TO PROBE COVID SCAM
The Business Guardian

K'TAKA TO SET UP SIT TO PROBE COVID SCAM

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4 mins  |
November 15, 2024