Sensex, Nifty fall for 3rd day amid foreign fund exodus
The Hindu
Sensex and Nifty slump for third day amid foreign fund outflows, realty, auto, and consumer stocks drag markets lower.
Market benchmark indices Sensex and Nifty slumped on Thursday (October 17, 2024), taking their downward trend to the third day running amid unabated foreign fund outflows.
Intense selling in realty, auto, consumer discretionary and consumer durable stocks also dragged the markets lower.
The BSE Sensex tanked 494.75 points or 0.61% to settle at 81,006.61. During the day, it tumbled 595.72 points or 0.73% to 80,905.64.
The NSE Nifty slumped 221.45 points or 0.89% to 24,749.85.
From the 30 Sensex firms, Nestle declined over 3% after the FMCG major reported a decline of 0.94% in its net profit at ₹899.49 crore for the second quarter that ended September 2024, as some of its key brands faced softer consumer demand and high commodity prices.
Mahindra & Mahindra, UltraTech Cement, Bajaj Finserv, Titan, Maruti, Axis Bank and Tata Steel were among the other big laggards.
However, Tech Mahindra, Infosys, Power Grid, Larsen & Toubro and State Bank of India were among the biggest gainers.
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