Sensex, Nifty fall for third day amid foreign fund exodus
PTI
Market benchmark indices Sensex and Nifty slumped on Thursday, 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 Rs 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.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,435.94 crore on Wednesday, according to exchange data.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended lower.
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 Rs 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.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,435.94 crore on Wednesday, according to exchange data.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended lower.