Markets settle lower ahead of key macro data; Sensex falls 230 points
The Hindu
Equity indices Sensex and Nifty close lower due to selling in banking stocks, cautious investors, and global trends.
Equity benchmark indices Sensex and Nifty ended lower on Friday (October 11, 2024), dragged by selling in banking, utility and financial stocks as investors turned cautious ahead of key macro data.
Besides, a mixed trend in global equity markets and unabated foreign fund outflows also hit investors’ sentiment, traders said.
The 30-share BSE Sensex fell 230.05 points or 0.28% to close at 81,381.36. During the day, it declined 307.26 points or 0.37% to a low of 81,304.15.
The NSE Nifty slipped 34.20 points or 0.14% to 24,964.25. It hit an intraday low of 24,920.05.
From the Sensex pack, Tata Consultancy Services, Mahindra & Mahindra, ICICI Bank, Maruti Suzuki India, Power Grid, Axis Bank and Adani Ports & Special Economic Zones were among the laggards.
The government is scheduled to release IIP data later in the day.
On the other hand, HCL Technologies, Tech Mahindra, JSW Steel, Hindustan Unilever, Infosys and Titan were among the gainers.
Continuous rainfall in Visakhapatnam due to active depression, causing erosion and uprooting trees, with highest rainfall in Srikakulam.
The Sengulam tank near the famous Karuppasamy Temple on the Combai Road in Theni district has been given a facelift in a big way
Karnataka State Women's Commission urges high-level inquiry into BJP MLC C T Ravi's derogatory remarks against Minister.
Series adaptation of One Hundred Years of Solitude explores Márquez's iconic novel with stunning visuals and powerful performances.
The Greater Chennai City Traffic Police (GCTP) will implement traffic diversions near Madhya Kailash Junction on Rajiv Gandhi Salai on a trial basis from Sunday (December 22, 2024), owing to the ongoing bridge construction work at the junction.
DoNER Minister Scindia, Governors, Chief Ministers, and officials discuss development roadmap for North Eastern Region at NEC plenary session.
WHO and Rwandan government declare Marburg fever outbreak over in Rwanda after no new cases, highlighting continued vigilance.
Sachin Tendulkar praises Sushila Meena’s ‘smooth, effortless’ bowling; Zaheer Khan echoes admiration
Sachin Tendulkar praises young bowler Sushila Meena's Zaheer Khan-like action, sparking social media buzz and admiration.
Kerala's Opposition Leader V.D. Satheesan addresses speculations on support from community organizations and prospects for Chief Minister.
Google proposed a loosening of its agreements with Apple and others to set Google as the default search engine on new devices.
Jacobite-Orthodox conflict at Malankara Church festival leads to police intervention in Kerala, sparking tensions and arrests.