Mkt sees biggest weekly fall since June 2022 as FIIs offload shares
The Morning Standard|October 05, 2024
DOMESTIC equity market saw its biggest weekly fall this week in over two years (since June 2022) as foreign institutional investors (FIIs) pressed the sell button to bet on China and Hong Kong amid rising tension in the Middle-East, which is posing inflationary challenges to the global economy following a sharp surge in oil prices.
ARSHAD KHAN
Mkt sees biggest weekly fall since June 2022 as FIIs offload shares

Benchmarks BSE Sensex and NSE Nifty50 shed up to 4.5% during the week ending October 4. It was in the week between June 6 and 10, 2022, when the benchmarks had registered a bigger fall as Nifty50 had then declined by about 5.6%. Investors lost a 17 lakh crore this week as the combined market capitalisation of BSE-listed companies, which stood at 478 lakh crore as of closing last Friday, came down to 461 lakh crore this Friday.

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DEVINE ACT: SOPHIE.TAHUHU STUN INDIA
The Morning Standard

DEVINE ACT: SOPHIE.TAHUHU STUN INDIA

White Ferns captain cracks unbeaten half-century before pacer runs riot to hand Harmanpreet Co a 58-run defeat on Friday

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3 mins  |
October 05, 2024
All hail Omaima Sohail, Pakistan's bowling lodestar
The Morning Standard

All hail Omaima Sohail, Pakistan's bowling lodestar

0MAIMA Sohail loves to bowl.

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3 mins  |
October 05, 2024
The Morning Standard

ISL 2024: Borja strikes late to rescue FC Goa

NORTHEAST United FC shared the spoils with FC Goa in a scintillating 3-3 draw in the Indian Super League at the Jawaharlal Nehru Stadium here.

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1 min  |
October 05, 2024
The Morning Standard

Irani Cup: Spinners put Mumbai in command

SEASONED spin duo of Shams Mulani and Tanush Kotian became catalysts of Rest of India's sudden middle-order collapse that saw them lose six wickets for only 23 runs here Friday, putting Mumbai within sniffing distance of an Irani Cup triumph despite Abhimanyu Easwaran's heroic 191.

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1 min  |
October 05, 2024
Maguire salvages draw for Man United at Porto
The Morning Standard

Maguire salvages draw for Man United at Porto

MANCHESTER United narrowly avoided another embarrassing defeat as substitute Harry Maguire headed in an injury-time equaliser to salvage a 3-3 draw against Porto in the Europa League on Thursday after Erik ten Hag's team had given up an early 2-0 lead and seen Bruno Fernandes sent off for a second straight game.

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1 min  |
October 05, 2024
HIL set to return after seven years
The Morning Standard

HIL set to return after seven years

THE much-awaited Hockey India League (HIL) will return after seven long years in a new avatar, where both the men's and women's teams will participate in the event beginning December 28.

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1 min  |
October 05, 2024
The Morning Standard

India's per capita income to rise by $2000 in next 5 years: FM

INDIA'S per capita income, currently at $2,730, is projected to increase by $2,000 over the next five years, according to finance minister Nirmala Sitharaman.

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1 min  |
October 05, 2024
The Morning Standard

Dhoni invests ₹3 cr in IPO bound Garuda

CRICKETER MS Dhoni has topped-up his investment in drone start-up Garuda Aerospace and rejoins the IPO-bound start-up as brand ambassador.

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1 min  |
October 05, 2024
The Morning Standard

Forex reserves hit all-time high of $704.89 billion

THE country's forex reserves hit all-time high of $704.89 billion, up a whopping $12.5 billion in the week to September 27, the Reserve Bank said on Friday, something that can assuage a fraught market following the heightened tension in the Middle East.

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1 min  |
October 05, 2024
The Morning Standard

PM Internship Scheme: 50 more companies join the initiative

THE government's PM Internship Portal has seen a remarkable uptick in internship listings, with over 2,200 opportunities currently available as of 3 pm on Friday, sources aware of the development confirmed.

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1 min  |
October 05, 2024