Business

Markets Slump As Foreign Investment Outflows Continue Unabated

The Sensex and Nifty fell on Tuesday due to continued foreign fund outflows and lackluster Asian market cues.

The benchmark indices were also driven by HDFC Bank and Reliance Industries.

The 30-share BSE Sensex plummeted 316.31 points or 0.48 percent to 65,512.10. It slid 483.82 points or 0.73 percent to 65,344.59 during the day.

The Nifty dropped 109.55 points or 0.56 percent to 19,528.75.

NTPC, Tata Motors, ICICI Bank, HDFC Bank, Reliance Industries, JSW Steel, ITC, and Mahindra & Mahindra were the major laggards among Sensex companies.

Among the winners were Bajaj Finance, Larsen & Toubro, Bajaj Finserv, and Titan.

In Asian markets, Tokyo and Hong Kong finished lower, while Shanghai finished higher.

Markets in Europe were trading on a mixed note.

On Monday, the United States markets finished mostly in the green.

Brent crude rose 0.07 percent to $90.73 a barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 1,685.70 crore on Friday.

FPIs (Foreign Portfolio Investors) became net sellers in September, withdrawing almost Rs 14,767 crore from the Indian equities, owing mostly to dollar appreciation, a sustained rise in the US bond yields, and a spike in crude oil prices.

Also read: Pierre Agostini, Ferenc Krausz, And Anne L’Huillier Win Nobel Prize In Physics

Spriha Rai

Recent Posts

Asian Geography Conference Champions Youth As Vanguards Of National Development

Colonel Mustafa urges youth to use geography actively for disaster management, policy, and national development.

1 hour ago

India Sends Record 111-Member Squad To Deaflympics 2025 In Tokyo

India names a record 111-member team for Deaflympics 2025, competing across 11 sports disciplines.

2 hours ago

PM Modi, Leaders Extend Birthday Wishes to Bharat Ratna LK Advani

PM Modi, Amit Shah, and leaders extend birthday wishes to Bharat Ratna LK Advani.

2 hours ago

Justice Vikram Nath Hails PM Modi’s Vision For Accessible & Technology-Driven Justice At NALSA Conference

Justice Vikram Nath praised PM Modi’s vision for inclusive, tech-driven justice and legal empowerment.

2 hours ago

Justice Surya Kant Calls For Empathetic Tech-Driven Legal Aid System At NALSA Conference

Justice Surya Kant urged empathetic, tech-driven legal aid reforms to make justice accessible and inclusive.

3 hours ago

SC To Live Stream National Conference On Legal Aid & Legal Services Day Celebrations

Supreme Court to live stream NALSA’s National Conference and Legal Services Day celebrations online.

3 hours ago