Markets Extended Losing Streak as Sensex Falls 243 Points, Nifty Ends Below 22,750, Titan Drops 2.72%
Titan fell 2.72% as 18 of 30 Sensex stocks ended lower and foreign investor selling kept pressure on Indian shares.
- India's benchmark indices fell as foreign investors continued selling, with the BSE Sensex declining 242.65 points or 0.33 per cent to 72,529.07 and the NSE Nifty falling 64.05 points or 0.28 per cent to 22,716.20 amid volatile crude prices.
- Volatile crude prices and persistent Foreign Institutional Investor outflows pressured markets, while rising bond yields and a stronger Dollar Index kept pressure on the Indian rupee trading near 95.97, up about 0.10 per cent.
- Nifty Auto fell 1.33 per cent while Nifty Metal gained 0.78 per cent, showing sectoral divergence; among 30 Sensex companies, Adani Ports gained 4.39 per cent while Titan fell 2.72 per cent, with 12 closing in green and 18 in red.
- The broader market ended mixed as the BSE MidCap Select Index dropped 175.42 points or 0.99 per cent while the BSE SmallCap Select Index added 22.39 points or 0.25 per cent, signalling fragile sentiment. Ponmudi, CEO of Enrich Money, said the market's near-term bias remains weak.
- Meaningful market stabilisation requires greater clarity on crude oil prices and more consistent foreign investor flows, as the decline reflects digestion of previous weakness rather than fresh domestic triggers. Only 17 of 50 Nifty companies closed in green with 32 in red.
14 Articles
14 Articles
Nifty Slips 64 Points, Sensex Falls 243 Points Amid FII Outflows, High Crude and US Treasury Yields
Get latest articles and stories on Business at LatestLY. The equity markets ended lower on Tuesday as persistent foreign investor outflows, elevated crude oil prices and high US Treasury yields kept investors cautious. The pressure was also intensified by the rapid pace of IPO fundraising, which is absorbing liquidity from the market. Business News | Nifty Slips 64 Points, Sensex Falls 243 Points Amid FII Outflows, High Crude and US Treasury Yie…
Markets extended losing streak as Sensex falls 243 points, Nifty ends below 22,750, Titan drops 2.72%
Meanwhile, the Indian rupee traded largely flat near 95.97, up about 0.10 per cent, as crude prices saw some profit booking after recent highs. However, rising bond yields and a stronger Dollar Index continue to keep pressure on the currency.
Sensex Nifty Stock Market Falls for Second Day as Oil and FII Selling Weigh on India
The Sensex Nifty stock market ended lower for a second straight session on Tuesday, September 29, as high oil prices, rising global bond yields and continued foreign fund outflows kept investors cautious. The BSE Sensex closed 242.65 points, or 0.33%, lower at 72,529.07, while the Nifty 50 lost 64.05 points, or 0.28%, to finish at 22,716.20. Both indices, however, recovered significantly from their session lows. The Sensex had fallen as much as …
The Indian stock market closed in the red for the second consecutive trading day on Tuesday, boosting risk-aversion sentiment due to high crude oil prices and volatility in global bond yields. However, after the initial sell-off, the market seemed to be stable. Both major benchmark indices slipped by 1-1 percent in early trade. The BSE Sensex fell 242.65 points i.e. 0.33 percent to 72,529.07, while the Nifty50 slipped 64.05 points i.e. 0.28 perc…
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