Sensex, Nifty end 1% lower
The Hindu
Unabated foreign fund outflows also negatively impacted the domestic equity market
Equity benchmarks Sensex and Nifty ended 1% lower on Tuesday, dragged down by Reliance Industries and banking stocks along with a weak trend in European markets.
Unabated foreign fund outflows also negatively impacted the domestic equity market.
The 30-share BSE Sensex tanked 631.83 points or 1.04% to settle at 60,115.48. During the day, it tumbled 808.93 points or 1.33% to 59,938.38.
The broader NSE Nifty declined 187.05 points or 1.03% to end at 17,914.15.
From the Sensex pack, Bharti Airtel, State Bank of India, HDFC Bank, UltraTech Cement, Bajaj Finance, HDFC, NTPC, ITC, Reliance Industries, Tech Mahindra, ICICI Bank, and Tata Consultancy Services were the major laggards.
Tata Motors, Power Grid, Tata Steel, Hindustan Unilever, IndusInd Bank, and Mahindra & Mahindra were among the winners from the 30-share pack.
India's largest IT services company TCS dipped 1.05% even after reporting an 11% rise in December quarter net profit to ₹10,846 crore.
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Meta Chief Executive Mark Zuckerberg is building a CEO agent to help him do his job, the Wall Street Journal reported
Insurance penetration and density are often misunderstood and do not reveal how many families are insured or whether they would be financially secure if the main earning member were to die. The real issue is not reach but adequacy, as households may have life insurance but not enough cover to replace lost income, leaving them financially vulnerable.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.
L&T confirms 95% of its West Asia project sites are safe, while addressing logistics challenges amid ongoing regional conflicts.
Mines Ministry to auction 19 critical mineral blocks on March 23, expanding strategic resources for clean energy and technology sectors.
Mines Ministry to auction 19 critical mineral blocks on March 23, expanding strategic resources for clean energy and technology sectors.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.
HDFC Bank terminates three senior officials over client onboarding issues at its DIFC branch amid ethical concerns following chairman's resignation.
Air India CEO warns of potential flight cuts and reduced travel demand due to rising fuel costs amid ongoing Gulf conflict.
Options are widely used by retail traders to speculate on the value of the stock for immediate gains and such behaviour in large scale can distort the market
India achieves 1 billion tonne coal production for the second consecutive year, ensuring stable energy supply and economic growth.
Generic drugmakers in India launch affordable Semaglutide versions, targeting a $1 billion diabetes and weight loss market.