In early trade on Thursday, equity benchmark indices fell, maintaining their lackluster pace amid a bearish trend in global markets and fresh foreign investment outflows.
The BSE Sensex dropped 502.5 points to 63,546.56. The Nifty index dropped 159.55 points to 18,962.60.
Among the Sensex companies, Tech Mahindra fell roughly 3% after reporting a 61% drop in consolidated net profit to Rs 505.3 crore for the July-September period, owing to lower client expenditure.
Other major laggards were Mahindra & Mahindra, Bajaj Finserv, Bajaj Finance, JSW Steel, Tata Motors, Nestle, and Titan.
Axis Bank was the sole gainer, reporting a 10% increase in the September 2023 quarter net profit to Rs 5,864 crore due to higher interest revenue.
In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong are all trading down.
On Wednesday, the US markets finished in the red.
Brent crude fell 0.29 percent to USD 89.87 a barrel.
According to exchange data, foreign institutional investors (FIIs) sold securities worth Rs 4,236.60 crore on Wednesday.
Also read: China And Russia Oppose US Calls For UN Action On Israel-Hamas Conflict
Prime Minister Narendra Modi on Friday unveiled a 21-point action plan at the BIMSTEC Summit…
PM Modi has been at the forefront of strengthening India’s ties with Buddhist nations, putting…
Turmeric milk, often referred to as 'golden milk', has been a staple in traditional medicine.…
PM Narendra Modi met Bangladesh's Chief Adviser Muhammad Yunus in Bangkok, their first meeting since…
Prime Minister Narendra Modi’s leadership has revitalized BIMSTEC, positioning India as a key driver of…
MI New York has unveiled an impressive roster of players for the 2025 edition of…