Sensex, Nifty tumble nearly 1%
The Hindu
BSE Sensex falls 509.24 points or 0.89% to settle at 56,598.28; NSE Nifty declines 148.80 points or 0.87% to end at 16,858.60
Benchmark indices ended nearly 1% lower on September 28, tracking a weak trend in global markets and continuous foreign fund outflows.
The 30-share BSE Sensex fell 509.24 points or 0.89% to settle at 56,598.28. During the day, it tanked 621.85 points or 1.08% to 56,485.67.
Similarly, the broader NSE Nifty declined 148.80 points or 0.87% to end at 16,858.60.
Among the 30-share Sensex pack, ITC, Axis Bank, Reliance Industries, Tata Steel, IndusInd Bank, State Bank of India, HDFC and HDFC Bank were the major laggards.
Asian Paints, Sun Pharma, Dr. Reddy’s and Power Grid were among the winners.
Elsewhere in Asia, markets in Seoul, Tokyo, Shanghai and Hong Kong ended sharply lower.
Stock exchanges in Europe were trading lower in mid-session deals. The U.S. markets ended on a mixed note on Sep. 27.
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H Lakshmanan, former Executive Director of Sundaram-Clayton in the TVS family, passed away at 92.
Vodafone sells stake in Indus Towers for ₹2,800 crore, uses proceeds to clear lenders dues and increase Vi shareholding.
SpiceJet to unground 10 more aircraft by mid April after raising funds, growing active fleet size to 28.
UN report projects Indian economy to grow by 6.6% in 2025, driven by private consumption and investment, with strong export growth.
Supreme Court halts ₹1 lakh crore GST notices to online gaming companies and casinos for alleged tax evasion.
Punjab Government rejects Centre's draft policy on agricultural marketing, citing concerns over private markets and MSP procurement.
CEAMA urges tariff reductions, PLI scheme expansion, and tax rationalization to boost Indian electronics industry competitiveness.
Sensex and Nifty rebounded but fell due to foreign fund outflows, with TCS leading gainers and FIIs selling off equities.
Adani Group to raise ₹7,148 crore by selling stake in Adani Wilmar, focusing on infrastructure business growth.
India's GDP growth rate decline, official estimates questioned, and economic slowdown analysis by experts and academics.