Sensex at 4-month low, sinks 650 pts; Nifty nears 18,900

October 26, 2023

in Business

Reading Time: 1 min read

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Inventory Market Stay: Taking cues from abroad, fairness markets tumbled for a sixth straight session on Thursday to the bottom stage in 4 months. The BSE Sensex fell 600 factors to 63,403, its lowest stage since June 26. The NSE Nifty50 misplaced over 200 factors to slip to 18,920.

Tech M, M&M, HDFC Financial institution, Ultratech, Tata Motors, Bajaj Finserv led losses on the Sensex, sliding 1-3 per cent. Whereas Axis Financial institution, IndusInd Financial institution and HCL Tech had been the one shares in inexperienced.

The broader markets opened with sharp losses too. The BSE MidCap and SmallCap indices fell 1 per cent every.

All sectoral indices held sharp cuts, led by Nifty Realty, which fell 2.4 per cent. Nifty PSBs, Nifty Auto, Nifty Metallic had been subsequent consistent with over 1 per cent of losses.

Sonata Software program held floor amid broader losses. The inventory was up 3 per cent after its Q2 outcomes. The corporate additionally authorized a 1:1 bonus challenge.

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