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.
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