Stock Indices Decline For Second Day Amid Selling In Oil, Banking Stocks
Benchmark equity indices Sensex and Nifty closed lower for a second day on Tuesday as investors remained cautious amid disappointing earnings from IT majors TCS and Infosys.
Fall in index major Reliance Industries, HDFC Bank and ICICI Bank and fresh foreign fund outflows also dented sentiment.
Reversing its early gains, the 30-share BSE Sensex fell 183.74 points or 0.31 per cent to settle at 59,727.01. During the day, it declined 331.45 points or 0.55 per cent to a low of 59,579.30.
The broader NSE Nifty dipped 46.70 points or 0.26 per cent to end at 17,660.15.
Among the Sensex firms, Power Grid, UltraTech Cement, Titan, Reliance Industries, Bajaj Finance, Mahindra & Mahindra, ICICI Bank, Tata Consultancy Services, Tech Mahindra, ITC and HDFC Bank were the major laggards.
HCL Technologies, IndusInd Bank, Wipro, Nestle, Maruti, Larsen & Toubro and Asian Paints were among the gainers.
In Asian markets, Seoul and Hong Kong ended lower, while Japan Shanghai settled with gains.
European markets were trading with gains during the afternoon trade. The US markets had ended in the positive territory on Monday.
The Sensex had tanked 520.25 points or 0.86 per cent to settle at 59,910.75 on Monday. The Nifty fell 121.15 points or 0.68 per cent to finish at 17,706.85.
Meanwhile, global oil benchmark Brent crude dipped 0.12 per cent to USD 84.66 per barrel.
Foreign Portfolio Investors (FPIs) offloaded equities worth Rs 533.20 crore on Monday, according to exchange data.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
