Sensex sheds 691 points, Nifty falls below 22,600 on rising crude prices, FPI concerns
- India’s Sensex fell by about 691 points, while the Nifty dropped below 22,600 amid technology-stock selling and concerns about crude prices and foreign investor outflows.
- Crude prices rose after an attack on a Saudi Arabian refinery, renewing supply concerns.
- Infosys, Tech Mahindra, HCL Technologies, and Tata Consultancy Services were among the biggest Nifty decliners, while Larsen & Toubro led the gainers.
- Investors were watching the US Federal Reserve’s policy decision, Jio Platforms’ stock-market debut, and quarterly results from three Nifty companies.
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12 Articles
Sensex drops over 600 points dragged by IT stocks, rising crude oil prices
Mumbai, Oct 28: Stock market benchmark indices Sensex and Nifty tumbled in early trade on Wednesday, dragged by IT companies, rising crude oil prices and caution ahead of the US Federal Reserve's policy decision. The 30-share BSE Sensex tumbled 601.14 points to 72,997.55 in early trade. The 50-share NSE Nifty tanked 146 points to 22,604.80. From the 30 Sensex firms, Infosys, HCL Tech, Tech Mahindra, Tata Consultancy Services, Tata Consultancy Se…
Devdiscourse
Sensex sheds 691 points, Nifty falls below 22,600 on rising crude prices, FPI concerns
Indian equity markets opened sharply lower on Wednesday, with the Sensex falling nearly 700 points and the Nifty slipping below 22,600, as rising crude oil prices and persistent foreign portfolio investor (FPI) selling weighed on sentiment, according to market experts.
Share Market News Today: Indian stock markets got off to a weak start on Wednesday. The Sensex fell more than 750 points in early trade to around 72,841, while the Nifty slipped below 22,600. IT stocks saw heavy selling.
Stock Markets | Domestic stock markets opened with heavy losses today (Wednesday). Despite positive signs in international markets, domestic indices are losing ground. The Sensex fell by more than 700 points in early trading. At 10.20 am, the Sensex was trading at 72,665, down 933 points.
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Indian Abroad News - We Bring You HomeNifty, Sensex post sharp losses amid high crude prices
Digital Desk | Mumbai, Oct 28 (IANS) The Indian equity markets posted sharp losses early on Wednesday as elevated crude prices and the upcoming US Fed’s policy decision kept investors cautious. As of 9.23 am, Sensex declined 684 points, or 0.93 per cent, to reach 72,914 and Nifty lost 167 points, or 0.74 per cent, to reach 22,581. Main broad-cap indices showed divergence with the benchmark indices, as the Nifty Midcap 100 declined 0.39 per ce…
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