Sensex falls over 1,000 points

September 30, 2024 13:34

Indian stock indices slumped sharply on Monday early trade, and continued to remain under pressure as the session progressed.

Sensex fell over 1,000 points at the time of filing this report. Nifty fell about 300 points.

Nifty bank, auto, financial services, and realty were among the top losers today.

Continued profit booking, escalation in geopolitical tensions in the Middle East, and fresh Chinese stimulus attracting FDIs are contributing factors behind the downtrend in the Indian benchmark indices on Monday, said Mumbai-based market expert Ajay Kedia.

"Market is likely to move into a consolidation phase in the near-term. One significant factor that is influencing foreign portfolios is the outperformance of the Chinese stocks which is reflected in the massive surge in the Hang Seng index by around 18 per cent in September. This surge has been triggered by hopes of revival in the Chinese economy in response to the monetary and fiscal stimulus announced by the Chinese authorities," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

« Back to LIVE

TOP STORIES

Allu Arjun's residence vandalised, tomatoes thrown

A group of persons, claiming to be members of Osmania University Joint Action Committee, on Sunday vandalised flower pots and other things at the residence of top Telugu actor Allu Arjun in Hyderabad.

CT deadlock resolved: Dubai to host India's matches

The ICC is now expected to announce the final schedule of the event with Pakistan expected to host 9 to 10 matches.

Obviously some ministers are unhappy: Ajit Pawar

Maharashtra Deputy Chief Minister Ajit Pawar acknowledged that some ministers are unhappy with the portfolios assigned to them in the new cabinet, which includes a high number of ministers. Pawar said that the work on pending projects...

Bareilly court summons Rahul Gandhi

A court in Bareilly has summoned Congress MP and Leader of Opposition Rahul Gandhi to appear before it on January 7 for his remarks related to the Economic Survey during the Lok Sabha polls.

Rohit's knee injury not serious, says pacer Akash Deep

India pace bowler Akash Deep played down concerns over skipper Rohit Sharma's knee injury in the build-up to the fourth Test against Australia this week after the batsman was hit during a practice session on Sunday.