Sensex, Nifty tumble in early trade
The Hindu
Markets tumble as Sensex and Nifty drop, influenced by foreign fund outflows and Nikkei index decline.
Benchmark indices declined in early trade on Monday (September 30, 2024) amid foreign fund outflows and a largely weak Asian markets where the Japan's Nikkei index tanked nearly 5%.
Markets were also dragged by decline in frontline stocks like ICICI Bank and Reliance Industries.
The BSE Sensex tumbled 464.22 points to 85,107.63 in early trade. The NSE Nifty tanked 133.85 points to 26,045.10.
From the 30 Sensex firms, Tech Mahindra, Mahindra & Mahindra, ICICI Bank, Reliance Industries, Axis Bank and UltraTech Cement were among the major laggards.
Tata Steel, JSW Steel, NTPC, Titan, Hindustan Unilever and Asian Paints were among the gainers.
In Asian markets, Seoul and Tokyo were trading lower while Shanghai and Hong Kong traded in the positive territory.
Japan's benchmark Nikkei 225 index tanked nearly 5% early on Monday.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
India's stainless steel industry seeks a National Stainless Steel Policy to enhance manufacturing, innovation, and global competitiveness.
Reliance Infrastructure Ltd. (RInfra) successfully suspends insolvency proceedings after full payment to Dhursar Solar Power.
RBI's MPC meeting to decide on rate cut amid economic growth concerns, with expectations of 25-50 bps reduction.
Rupee falls against dollar due to geopolitical tensions and oil prices, RBI expected to cut rates, equity market mixed.
India's services sector activity rises in May 2025, driven by strong exports, record employment, and price pressures.
Indian government vehemently opposes Asian Development Bank funding to Pakistan due to concerns over misuse and increased military spending.
Ongoing Middle East crisis may hinder completion of India-Middle East-Europe Economic Corridor, facing competition and harmonization challenges.
IEX reports significant drop in electricity prices in May 2025 due to lower demand and increased supply liquidity.
Adani Airports Holdings Ltd secures $750 million ECB to enhance infrastructure and expand capacity at six airports.
Rupee weakens to 85.86 against U.S. dollar due to foreign fund outflows, but supported by positive equity market.
Stock indices rebound in early trade, Sensex up 230.17 points, Nifty up 70.25 points, global markets rally.
India-US trade deal expected to be a "mini-deal" this year, with comprehensive agreement still far off, amidst tariff concerns.
Google has hired Donald Verrilli Jr, the U.S. solicitor general during the Barack Obama administration.