Markets fall in initial trade on weak global trends
The Hindu
The BSE Sensex declined 354.81 points to 59,109.12
Benchmark indices began the trade on a weak note on February 27 in tandem with bearish trend in global markets amid concerns over more rate hikes by developed economies.
Fresh foreign fund outflows and weak trend in IT counters also dented investor sentiments.
The BSE Sensex declined 354.81 points to 59,109.12. The NSE Nifty slipped 107.4 points to 17,358.40.
From the Sensex pack, Infosys, Tata Motors, Tech Mahindra, HCL Technologies, Wipro, Tata Consultancy Services, Tata Steel and Maruti were the biggest laggards.
NTPC, Nestle, ICICI Bank and State Bank of India were among the gainers.
In Asian markets, South Korea, Japan, China and Hong Kong were trading lower.
The US markets had ended sharply down on Friday.
xAI’s Grok may soon come to an iOS app as the company announced its Series C funding round of $6 billion.
Biocon and Zentiva receive EU approval for Liraglutide, a complex formulation for diabetes and weight management.
Equity markets fluctuate as Sensex and Nifty rise initially, then fall; global markets and oil prices also discussed.
Microsoft has been working on adding internal and third-party AI models to power Microsoft 365 Copilot.
China's dominance in critical minerals poses supply chain vulnerabilities for India, US, and EU nations, requiring strategic diversification efforts.
India's controversial popcorn tax system sparks outrage and criticism, with opposition questioning the complex GST rates.
ICAI President investigates auditing lapses at Byju's, disciplinary committee probing, details undisclosed, part of ongoing investigations.
Sensex and Nifty rebound sharply after steep decline, driven by value buying, bluechip stocks, and global market rally.
AS-IT-IS Nutrition aims for ₹300 crore GMV in 2025 with ATOM range, endorsed by Ravindra Jadeja.
Adani Group acquires Air Works, India's largest MRO company, expanding its aviation services with a ₹400 crore deal.
Sterling and Wilson Renewable Energy Ltd. secures ₹1,200 crore order for 500 MW Solar PV project in Gujarat.