Markets decline for 6th day; Sensex sheds 135 points
The Hindu
Nifty went lower by 67.10 points to end at 15,293.50.
Benchmark indices extended their losing streak to the sixth straight session on Friday, with the Sensex declining 135 points in choppy trade amid mixed global markets, unabated foreign fund outflows, and rising crude oil prices.
The BSE benchmark declined 135.37 points or 0.26% to settle at 51,360.42. During the day, the benchmark faced volatility and tanked 574.57 points or 1.11% to its one-year low of 50,921.22.
The NSE Nifty went lower by 67.10 points or 0.44% to end at 15,293.50.
From the Sensex pack, Titan, Wipro, Dr Reddy's, Asian Paints, Sun Pharma, PowerGrid, Larsen & Toubro, UltraTech Cement, Maruti, TCS and Hindustan Unilever were the biggest laggards.
On the other hand, Bajaj Finance, Bajaj Finserv, Reliance Industries and ICICI Bank were among the gainers.
In Asia, markets in Tokyo and Seoul ended lower, while Hong Kong and Shanghai posted gains.
European markets were trading in the green in mid-session deals.
HSBC Flash India PMI shows uptick in private sector activity, with rising cost pressures and increased prices for customers.
Rupee rises slightly against US dollar amid geopolitical pressures, foreign outflows, and domestic equities; Brent oil surges.
Sensex and Nifty rebound in early trade driven by value buying, bank stock rally, and positive global cues.
The pandemic-induced downturn marked a turning point for cab drivers in Bengaluru. According to Tanveer Pasha, president, Ola and Uber Drivers’ Association, the number of active cabs in the city has dropped from over 1 lakh before the pandemic to just around 30,000 today.
Amazon will likely face an EU investigation next year into whether it favours its own brand products, said sources.
White House addresses bribery charges against Indian billionaire Adani, expresses confidence in U.S.-India relationship.
NTPC Green Energy IPO oversubscribed by 93% on day 2, raising ₹3,960 crore for renewable energy projects.
Chief Economic Advisor advises India Inc to focus on productivity, R&D, and quality over reliance on weak currency for exports.
Private telcos lost over 1 crore wireless subscribers in September, while BSNL added 8.5 lakh users, refusing to hike tariffs.
Gautam Adani indictment may become a factor in future negotiations between the Adani Group and Bangladesh, energy experts in Dhaka say
Indictment details Adani bribery scheme to secure solar power contracts, involving Adani Green Energy and Azure Power executives.