Sensex, Nifty tank nearly 1% amid sharp fall in IndusInd Bank, foreign fund outflows

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From the 30 Sensex pack, IndusInd Bank plunged much than 18.50% aft the steadfast reported a 40% diminution successful September 4th nett profit | Photo Credit: Reuters

Declining for the 5th consecutive session, equity benchmark Sensex connected Friday (October 25, 2024) plunged astir 660 points to clang beneath the 80,000 level owing to wide selling unit tracking monolithic overseas superior outflows and muted net growth.

The BSE Sensex plummeted 662.87 points oregon 0.83% to settee astatine 79,402.29. During the day, it plunged 927.18 points oregon 1.15% to 79,137.98. The NSE Nifty tanked 218.60 points oregon 0.90% to 24,180.80.

From the 30 Sensex pack, IndusInd Bank plunged much than 18.50% aft the steadfast reported a 40% diminution successful September 4th nett net astatine ₹1,331 crore, pulled down by concerns implicit its plus quality.

Mahindra & Mahindra, Larsen & Toubro, NTPC, Adani Ports, Tata Steel, Maruti, Bajaj Finance and Titan were besides among the laggards.

From the bluechip pack, ITC climbed much than 2% aft the diversified entity reported an 1.8% summation successful its consolidated nett net to ₹5,054.43 crore successful the 2nd 4th ended September 2024.

In contrast, Axis Bank, Hindustan Unilever, Sun Pharma and ICICI Bank were the different large gainers. “Foreign Institutional Investors (FIIs) offloaded equities worthy ₹5,062.45 crore connected Thursday (October 25, 2024), portion Domestic Institutional Investors (DIIs) bought ₹3,620.47 crore shares,” according to speech data.

In Asian markets, Seoul, Shanghai and Hong Kong settled higher, portion Tokyo ended lower. European equity markets were trading successful affirmative territory. The U.S. markets ended mostly higher connected Thursday (October 24, 2024.) Global lipid benchmark Brent crude climbed 0.42% to $74.69 a barrel.

In an uninspiring trade, the BSE benchmark Sensex dipped 16.82 points oregon 0.02% to settee astatine 80,065.16 connected Thursday. The Nifty skidded 36.10 points oregon 0.15% to 24,399.40 successful a volatile trade.

Published - October 25, 2024 04:43 p.m. IST

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