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.
Diese Geschichte stammt aus der October 08, 2024-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der October 08, 2024-Ausgabe von Business Standard.
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The Maverick Who Founded HBO
Charles Dolan, the pay-television pioneer who won the first cable-TV franchise in Manhattan, founded Home Box Office Inc. and later built Cablevision Systems Corp into the fifth-largest US cable company, has died. He was 98.
Antarctica, North Pole: India's elderly take to extreme travels
Travel among India's senior citizens has evolved over the years with tour agencies observing a rise in demand, especially post-pandemic for adventure and non-traditional international destinations.
Auction of 11 critical mineral blocks called off
The central government has annulled the auction of over half of the 21 critical mineral blocks offered in the fourth round of bidding, citing a poor response, according to a notification from the Ministry of Mines on the MSTC e-commerce portal.
Navi Mumbai Airport Set To Begin Commercial Ops In May 2025: AAHL
International operations to start by July next year; project expected to cost around ₹18,000 crore
Manmohan Singh's economic reforms of the 1990s
The acclaimed \"architect of India's economic reforms\" has gone, mourned by people across political parties and professions, not just economists, civil servants, and journalists.
First Mover Mantra
Why EV leader Tata Motors is thirsting for more competition despite losing market share
Build debt fund portfolio diversified across duration
Take limited exposure to longer-duration funds in coming year
Rely on rolling returns, not point-to-point data
\"Financial planning experts often argue that equity markets outperform fixed deposits over the long term. However, I can demonstrate that a 10-year investment in fixed deposits has delivered higher returns than equity markets,\" declared my friend Mitesh.
Markets Will Likely Take Cue From the Budget
The 2024-25 (FY25) October-December (Q3) quarter earnings are expected to mirror those of the second quarter (Q2), with key sectors grappling with a demand slowdown. The government's approach to the economic downturn and its priorities will become evident in the upcoming Budget, says JIMEET MODI, founder and chief executive officer of Samco Group. In an interview with Sundar Sethuraman, Modi suggests domestic markets will likely stay volatile in calendar year (CY) 2025, influenced by developments in the US markets, inflation concerns, recession risks, and interest rate decisions. Edited excerpts:
Gold, silver ETFs: Alchemists spinning wealth in 2024
Where investors find philosopher's stone, with ₹19,000 crore inflow in first 11 months of 2024
