Adani group stocks faced heavy drubbing during the morning trade on Thursday, with the combined market valuation of all the listed firms getting eroded by Rs 2.45 lakh crore, as billionaire Gautam Adani has been charged by US prosecutors over his role in an alleged years-long scheme to pay USD 250 million bribe to Indian officials in exchange for favourable terms for solar power contracts, reported news agency PTI. The stock of the group's flagship firm Adani Enterprises plunged 22.99 per cent, Adani Ports dived 20 per cent, Adani Energy Solutions tanked 20 per cent, Adani Green Energy plummeted 19.53 per cent and Adani Total Gas tumbled 18.14 per cent on the BSE, reported PTI. Shares of Adani Power slumped 17.79 per cent, Ambuja Cements cracked 17.59 per cent, ACC fell 14.54 per cent, NDTV dropped 14.37 per cent and Adani Wilmar declined 10 per cent, reported PTI. Some of the group firms also hit their lowest trading permissible limit for the day. The combined market capitalisation (mcap) of all the ten listed group firms eroded by Rs 2,45,016.51 crore during the morning deals. In the equity market, the BSE benchmark Sensex traded 536.89 points lower at 77,041.49 and the NSE Nifty quoted 186.75 points down at 23,331.75. US prosecutors charged Adani, 62, his nephew Sagar and other defendants for paying over USD 250 million in bribes between 2020 and 2024 to Indian government officials to win solar energy contracts on terms that could potentially bring in more than USD 2 billion in profit. This, they alleged, was concealed from the US banks and investors from whom the Adani group raised billions of dollars for the project. US law allows pursuing foreign corruption allegations if they involve certain links to American investors or markets. The Adani group did not immediately respond to requests for comments. "The defendants orchestrated an elaborate scheme to bribe Indian government officials to secure contracts worth billions of dollars," Breon Peace, US Attorney for the Eastern District of New York, which brought the case, said in a statement, reported PTI. Adani, chairman of the ports-to-energy Adani Group, his nephew Sagar R Adani, who is an executive director at the conglomerate's renewable energy arm Adani Green Energy Ltd, and its former CEO Vneet Jaain were charged with securities fraud, securities fraud conspiracy and wire fraud conspiracy. The Adanis were also charged in a US Securities and Exchange Commission (SEC) civil case. (With inputs from PTI)
21 November,2024 12:29 PM IST | New Delhi | mid-day online correspondentEquity benchmark indices Sensex and Nifty tumbled in early trade on Thursday amid sharp fall in Adani group stocks and unabated foreign fund outflows, reported news agency PTI. Weak trends from Asian peers also drove the markets lower during the initial trade. The BSE benchmark Sensex tumbled 468.17 points to 77,110.21 in early trade. The NSE Nifty declined 179.75 points to 23,338.75, reported PTI. From the 30-share Sensex pack, Adani Ports tumbled 10 per cent as billionaire Gautam Adani has been charged by US prosecutors over his role in an alleged years-long scheme to pay USD 250 million bribe to Indian officials in exchange for favourable terms for solar power contracts, reported PTI. Other Adani group stocks, including Adani Enterprises, Adani Green Energy and Adani Energy Solutions, also fell sharply in the early trade. State Bank of India, IndusInd Bank, NTPC and Tata Motors were also among the laggards. Infosys, HCL Technologies, Tata Consultancy Services and Tech Mahindra were the gainers. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,411.73 crore on Tuesday, according to exchange data. In Asian markets, Tokyo, Shanghai and Hong Kong traded lower while Seoul quoted higher. The US markets ended mostly in the positive territory. Global oil benchmark Brent crude climbed 0.25 per cent to USD 72.99 a barrel. The Indian stock markets were closed on Wednesday due to assembly elections in Maharashtra, reported PTI. Snapping its four days of decline, the BSE benchmark Sensex had climbed 239.37 points or 0.31 per cent to settle at 77,578.38 on Tuesday. The Nifty also bounced back on Tuesday after falling in the past seven trading days. It went up by 64.70 points or 0.28 per cent to settle at 23,518.50. (With inputs from PTI)
21 November,2024 10:27 AM IST | Mumbai | mid-day online correspondentIndian equity benchmarks saw a decline in early trade on Monday, following continued outflows by foreign portfolio investors (FPIs), selling in IT stocks, and negative cues from the US markets. The BSE Sensex fell by 156.72 points, settling at 77,423.59, while the NSE Nifty dropped 64.25 points to reach 23,468.45 in early trade. Among the key stocks pulling down the market were Infosys, Tech Mahindra, HCL Technologies, Tata Consultancy Services (TCS), NTPC, Axis Bank, Tata Motors, and IndusInd Bank. On the other hand, HDFC Bank, Tata Steel, Bajaj Finance, and Asian Paints were among the few stocks that saw gains. According to exchange data, FPIs sold equities worth ₹1,849.87 crore on Thursday. The ongoing sell-off has contributed to a net outflow of ₹22,420 crore from the Indian equity market so far in November. Several factors, including high domestic stock valuations, increasing allocations to China, and the rising US dollar alongside the US Treasury yields, are believed to be influencing these outflows. As per PTI, the outflow trend from FPIs has been consistent in 2024, with a total of ₹15,827 crore withdrawn from Indian equities this year. Despite the Nifty having corrected by 10.4 per cent from its peak, there are no clear signs of a sustained recovery, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. He added that the market is being weighed down by persistent FII selling, earnings downgrades for most stocks for FY25, and the ongoing repercussions of the "Trump trade." In the broader Asian market, Seoul, Shanghai, and Hong Kong reported gains, while Tokyo was trading lower. The US markets ended lower on Friday, further dampening investor sentiment. "Rising US bond yields and weak leads from Wall Street have only added to market anxiety," noted Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd. Meanwhile, global oil prices edged up, with Brent crude rising by 0.51 per cent to USD 71.40 a barrel. Earlier last week, on Thursday, the Sensex had declined by 110.64 points or 0.14 per cent to close at 77,580.31, while the Nifty had dropped 26.35 points or 0.11 per cent to end at 23,532.70. The markets had remained closed on Friday due to the Guru Nanak Jayanti holiday. (With inputs from PTI)
18 November,2024 10:12 AM IST | MumbaiThe Indian rupee recovered from its all-time low, appreciating by 8 paise to 84.38 against the US dollar in early trade on Monday. This recovery occurred despite a stronger US dollar and consistent foreign fund outflows, according to PTI. Forex traders noted that a decline in global crude oil prices supported the local currency. At the interbank foreign exchange market, the rupee opened at 84.42 before strengthening further to 84.38 against the dollar, trading 8 paise higher than its previous close. On Thursday, the rupee had declined by 7 paise, hitting a historic low of 84.46 against the US dollar. Markets remained closed on Friday due to Guru Nanak Jayanti. Meanwhile, the dollar index, which measures the greenback’s performance against six major currencies, rose slightly by 0.06 per cent to 106.68. Brent crude futures, the global benchmark for oil, also showed a minor increase of 0.51 per cent, trading at USD 71.40 per barrel. According to PTI, analysts suggested that domestic inflationary pressures continue to weigh on the rupee. Wholesale price inflation reached a four-month high of 2.36 per cent in October, driven by rising food and manufacturing costs, as reported in government data released last Thursday. Retail inflation also breached the Reserve Bank of India’s (RBI) upper tolerance level, climbing to a 14-month high of 6.21 per cent in October, primarily due to rising food prices. On the domestic equity markets, the Sensex was trading 125.08 points, or 0.16 per cent lower, at 77,455.23, while the Nifty declined by 20.15 points, or 0.09 per cent, to 23,512.55. Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Thursday, offloading shares worth ₹1,849.87 crore, as per data from exchanges. India’s merchandise exports in October witnessed significant growth, rising 17.25 per cent year-on-year to USD 39.2 billion, marking the highest increase in over two years. However, the trade deficit widened to USD 27.14 billion sequentially. Meanwhile, the Reserve Bank of India reported a decline in the country's foreign exchange reserves, which dropped by USD 6.477 billion to USD 675.653 billion for the week ending November 8, PTI noted. (With inputs from PTI)
18 November,2024 09:48 AM IST | MumbaiIndian stock markets remained closed today in observance of Prakash Gurpurb, commemorating the birth anniversary of Guru Nanak Dev, the founder of Sikhism. This day is widely celebrated across India and by the Sikh community globally, honouring Guru Nanak's teachings of equality, compassion, and service to humanity. As per ANI, the Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), and other key financial markets, including currency and commodity trading platforms, were shut for the day, with no equity or derivative trading taking place. Regular trading will resume on Monday, November 18. While Indian markets observed the holiday, other major Asian indices displayed mixed trends. Japan’s Nikkei index recorded an increase of 0.8 per cent, and Hong Kong’s Hang Seng index gained 0.54 per cent. Taiwan’s weighted index also showed positive movement with a 0.5 per cent increase. However, South Korea’s KOSPI index dropped by 0.4 per cent at the time of filing this report, according to ANI. Meanwhile, Brent crude was reported to be trading at USD 72.13 per barrel. The closure comes after Indian markets experienced a continuous six-day slump, with benchmark indices hitting multi-month lows on Thursday. The Sensex ended the day at 77,580.31 points, down 110.64 points or 0.14 per cent, while the Nifty closed at 23,532.70 points, registering a drop of 26.35 points or 0.11 per cent. Sectoral indices displayed mixed results during the trading session on Thursday. Nifty Bank, Auto, and Media sectors closed in positive territory, while FMCG, Pharma, and PSU Banks ended in the red. As per ANI, the ongoing decline in the Indian stock market has been attributed to several factors, including weaker-than-expected Q2 earnings, continuous outflows by foreign investors, and increasing domestic inflation at both retail and wholesale levels. Globally, US markets also faced declines on Thursday. The S&P 500 registered a dip of 0.6 per cent, while the Nasdaq Composite index closed with a decrease of 0.69 per cent, as per ANI. Indian markets are expected to reopen with normal trading hours next week, with investors keeping a close eye on domestic and global economic trends. (With inputs from ANI)
15 November,2024 12:55 PM IST | MumbaiThe rupee continued its downward slide, falling 1 paisa to an all-time low of 84.40 against the US dollar in early trading on Wednesday, as ongoing foreign fund outflows and a subdued trend in domestic equities pressured the currency, according to PTI. Forex market analysts noted that the rupee’s movement has been highly volatile, with persistent global economic pressures further weakening it. This latest dip has brought the rupee closer to record low levels against the dollar, primarily impacted by the Dollar Index’s continued strength. As per the interbank foreign exchange data, the rupee opened at 84.40 against the dollar, marking a marginal decrease of 1 paisa from the previous day’s record low close of 84.39. Forex experts, such as CR Forex Advisors Managing Director Amit Pabari, mentioned that while the rupee is displaying signs of stabilising near the current levels, it faces depreciation resistance around 84.50. According to Pabari, the Reserve Bank of India (RBI) has been intervening to limit the rupee's depreciation, reportedly selling dollars to cushion against sharper declines. India’s forex reserves have decreased for the fifth consecutive week, attributed to the RBI’s dollar sales aimed at stabilising the rupee. These reserves currently stand at USD 682 billion, down from a recent peak of USD 704 billion. This decline highlights the RBI's efforts to curb the rupee’s slide against the backdrop of global dollar strength. In global markets, the dollar index, which measures the US dollar’s value against a basket of six major currencies, was slightly down by 0.04 per cent at 105.98. On the commodities front, Brent crude oil showed a minor increase, trading at USD 72.07 per barrel in futures trade. On the domestic stock market scene, both the BSE Sensex and NSE Nifty saw declines in early trading. The Sensex was down by 210.66 points, or 0.27 per cent, standing at 78,464.52 points, while the Nifty fell by 100.45 points, or 0.42 per cent, to 23,783.00 points. Foreign Institutional Investors (FIIs) further weighed down domestic markets as they were net sellers, offloading shares worth Rs 3,024.31 crore on Tuesday, according to PTI. Meanwhile, India’s macroeconomic indicators have also pointed to challenges. Retail inflation breached the RBI’s upper tolerance level, hitting a 14-month high of 6.21 per cent in October due to escalating food prices. In September, inflation was recorded at 5.49 per cent, compared to 4.87 per cent a year prior. India's industrial production, as measured by the Index of Industrial Production (IIP), expanded by 3.1 per cent in September, showing recovery across mining, manufacturing, and power sectors. However, this figure was lower than the 6.4 per cent growth seen in September of the previous year, PTI noted. As India grapples with external economic pressures and inflation concerns, market participants continue to monitor the rupee’s movement closely, especially in light of RBI's interventions and the prevailing global financial climate. (With inputs from PTI)
13 November,2024 10:35 AM IST | MumbaiEquity markets declined in early trading on Wednesday as inflation soared to a 14-month high of 6.21 per cent in October, further weighed down by continued foreign fund outflows, according to PTI. Market sentiment was also dampened by muted quarterly earnings and weak trends in global markets, traders noted. As per PTI, the BSE benchmark Sensex fell by 239.69 points to reach 78,435.49 in early trade, while the NSE Nifty dropped 103.15 points to 23,780.30. Within the 30-share Sensex pack, leading decliners included Mahindra & Mahindra, Maruti, Tata Steel, Sun Pharma, Nestle, and ITC. On the other hand, Titan, HDFC Bank, Bharti Airtel, and NTPC were among the few shares that saw gains. The spike in inflation, which surpassed the Reserve Bank of India's (RBI) upper tolerance threshold, was attributed primarily to rising food prices, a significant concern for policymakers and investors alike. PTI highlighted that retail inflation’s reach of 6.21 per cent in October is the highest it has been in over a year, underscoring inflationary pressures in the economy. Additionally, foreign institutional investors (FIIs) continued their withdrawal from Indian equities, offloading shares worth Rs 3,024.31 crore on Tuesday, exchange data revealed. This trend of foreign fund outflows has been a persistent source of pressure on the markets, reducing liquidity and dampening investor sentiment. The exodus by FIIs is seen as partly driven by concerns over global interest rates and inflationary pressures. Asian markets mirrored this sombre mood, with Seoul, Tokyo, Shanghai, and Hong Kong trading lower on Wednesday. Additionally, US markets ended in negative territory on Tuesday, contributing to the downward pressure on global equities and feeding into investor concerns about slowing growth and rising costs. PTI also noted that the global oil benchmark, Brent crude, edged up by 0.35 per cent to USD 72.14 per barrel, further weighing on market sentiment given the impact of fuel costs on inflation. On the previous day, the BSE benchmark Sensex tumbled by 820.97 points or 1.03 per cent to close at 78,675.18, while the Nifty saw a drop of 257.85 points or 1.07 per cent, settling at 23,883.45. According to PTI, traders believe that this volatility could persist in the near term as inflationary pressures, global fund flows, and earnings uncertainties continue to dominate investor sentiment. With inflation breaching comfort levels and FIIs retreating, the Indian market outlook remains cautious amidst the broader global economic challenges. (With inputs from PTI)
13 November,2024 10:29 AM IST | MumbaiThe Indian rupee weakened by 2 paise, hitting an all-time low of 84.40 against the US dollar in early trading on Tuesday. This decline was attributed to continued foreign fund outflows and the strength of the US dollar in the international markets, which dampened investor sentiment. According to forex traders, the rupee is expected to trade within a range of 83.80 to 84.50 in the medium term. The Reserve Bank of India (RBI) is likely to prevent any significant further depreciation of the currency, supported by its substantial foreign exchange reserves. At the interbank foreign exchange market, the rupee opened at 84.39 against the dollar, before falling further to 84.40, registering a drop of 2 paise compared to its previous close. On Monday, the rupee had fallen 1 paise to reach a new all-time low of 84.38 against the greenback, marking the fourth consecutive session of losses. CR Forex Advisors MD Amit Pabari explained that the RBI has been crucial in stabilising the rupee and limiting its depreciation. Despite a significant 6.30% drop in the Emerging Market Currencies Index since October 2, the rupee has only fallen 0.69%, reflecting the RBI's effective defence of the currency. Meanwhile, the dollar index, which measures the strength of the US dollar against a basket of six other currencies, was up by 0.09% at 105.63. In global oil markets, Brent crude, the international benchmark for oil, decreased by 0.25% to USD 71.65 per barrel in futures trade. On the domestic equity front, the Sensex was up by 77.35 points, or 0.02%, to 79,573.50, while the Nifty gained 19.90 points, or 0.08%, to 24,161.20. According to data from exchanges, Foreign Institutional Investors (FIIs) were net sellers in the Indian capital markets on Monday, having sold shares worth Rs 2,306.88 crore. Pabari noted that foreign investments in Indian equities have significantly dropped, with over USD 2 billion withdrawn in November following an USD 11 billion outflow in October. This decline in foreign capital interest is attributed to overvalued Indian stocks and weak Q2 earnings, according to Pabari. An SBI research report released on Monday suggested that the rupee may depreciate by 8-10% against the US dollar under a potential second term for former US President Donald Trump. The report, titled US Presidential Election 2024: How Trump 2.0 Impacts India’s and the Global Economy, highlighted that while the rupee could face short-term depreciation, it might later recover and appreciate. As per PTI, the ongoing trends indicate that the rupee's performance remains influenced by both global economic factors and the actions of the RBI. (With inputs from PTI)
12 November,2024 10:12 AM IST | MumbaiThe benchmark Sensex and Nifty indices fell in early trade on Monday, according to PTI, as persistent foreign fund outflows, disappointing quarterly earnings, and weak trends in Asian markets weighed heavily on investor sentiment. As per PTI, forex traders indicated that market volatility is likely to persist as the short-term trend remains uncertain, with consolidation expected to continue in the near term under a weak bias. In early trade, the BSE benchmark Sensex dropped by 484.98 points, standing at 79,001.34, while the NSE Nifty lost 143.6 points, reaching 24,004.60. According to PTI, from the 30-share Sensex pack, Asian Paints witnessed a sharp fall of over 8 per cent after the company reported a 43.71 per cent decline in consolidated net profit to Rs 693.66 crore for the September quarter. The decline was attributed to weak demand conditions, inflation in material prices, and a fall in the decorative and coatings business in the domestic market. Other stocks that were among the laggards included Axis Bank, Adani Ports, Nestle, Reliance Industries, Tata Steel, and IndusInd Bank. However, as per PTI, some stocks bucked the trend and were in the green. Tata Motors, Power Grid, Maruti, and HCL Technologies were among the gainers in early trade. Foreign Institutional Investors (FIIs) continued their selling spree, offloading equities worth Rs 3,404.04 crore on Friday, according to exchange data. Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, said, "Indian markets remain under pressure, largely due to relentless foreign investor selling," as per PTI. In line with the weak sentiment in Indian markets, PTI reported that Asian markets were also quoting lower, with Seoul, Tokyo, Shanghai, and Hong Kong all experiencing declines. In contrast, Wall Street had ended on a positive note on Friday. As per PTI, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted that the sustained rally in US markets, which saw the Dow and S&P 500 surpass 40,000 and 6,000 respectively, is no longer providing momentum for Indian markets. He added, "In India, worse-than-expected earnings downgrades for FY25 are weighing on stock prices, favouring the bears in the near term." Meanwhile, PTI also reported that the global oil benchmark, Brent crude, dipped by 0.42 per cent to USD 73.56 a barrel. On Friday, as per PTI, the Sensex had ended 55.47 points or 0.07 per cent lower at 79,486.32, and the Nifty had dropped by 51.15 points, or 0.21 per cent, to 24,148.20. (With inputs from PTI)
11 November,2024 10:13 AM IST | MumbaiThe Indian rupee slipped 1 paisa to an all-time low of 84.38 against the US dollar in early trade on Monday, according to PTI. This decline is attributed to persistent foreign fund outflows and a weak trend in domestic equities. As per PTI, forex traders have indicated that the rupee is likely to remain under pressure unless there is a softening in the dollar index or a slowdown in foreign fund outflows. At the interbank foreign exchange market, the rupee opened at the record low of 84.38 against the greenback, marking a drop of 1 paisa compared to its previous close. On Friday, as per PTI, the rupee had already fallen by 5 paise, hitting a new lifetime low of 84.37 against the US dollar, registering a decline for the third consecutive session. Last week, the rupee faced significant pressure due to the US elections and continued foreign fund outflows. According to PTI, following nearly USD 12 billion in equity sell-offs in October, foreign funds have continued to withdraw in November, with outflows of around USD 1.6 billion in the first 10 days alone. Amit Pabari, MD of CR Forex Advisors, commented that this trend reflects the overvaluation of Indian equities and disappointing Q2 earnings. As per PTI, he further added that in the medium term, the rupee is expected to trade within the 83.80 to 84.50 range, as the Reserve Bank of India (RBI) is likely to cap the downside of the rupee with sufficient foreign exchange reserves. Meanwhile, according to PTI, the dollar index, which tracks the strength of the greenback against a basket of six major currencies, was trading 0.05 per cent higher at 105.05. On the global oil front, Brent crude, the international oil benchmark, fell 0.37 per cent to USD 73.60 per barrel in futures trade. On the domestic equity market front, as per PTI, the Sensex was trading 12.47 points lower, or 0.02 per cent down, at 79,473.85 points. The Nifty fell by 5.65 points, or 0.02 per cent, to 24,142.55 points. According to PTI, Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Friday, offloading shares worth Rs 3,404.04 crore, according to exchange data. Furthermore, as per PTI, India's foreign exchange reserves fell by USD 2.675 billion to USD 682.13 billion for the week ending November 1, as reported by the RBI on Friday. In the previous week, the reserves had dropped by USD 3.463 billion to USD 684.805 billion. At the end of September, India's forex reserves had reached an all-time high of USD 704.885 billion, PTI added. (With inputs from PTI)
11 November,2024 10:08 AM IST | MumbaiThe Sensex and Nifty indices saw a dip in early trading on Friday, weighed down by continuous foreign fund outflows and weak trends in key blue-chip stocks, including Reliance Industries and ICICI Bank, according to PTI. Market analysts noted that, in the short term, the Indian market is expected to trade sideways as investors await clarity on several economic indicators, including corporate earnings, a boost in domestic consumption, and a shift in foreign fund flows. According to PTI, foreign investors have been steadily offloading their holdings, adding further pressure to the markets. In contrast to India, the US Federal Reserve recently cut interest rates for the second consecutive meeting, a decision influenced by a “comfortable” inflation print, according to PTI. In India, however, food inflation remains a significant concern, even as the country grapples with slowing economic growth prospects. As a result, market experts are closely watching the Reserve Bank of India’s (RBI) upcoming monetary policy meeting next month to see how it may address these pressing issues. In early trade, the BSE Sensex benchmark declined by 424.42 points, dropping to 79,117.37. Meanwhile, the NSE Nifty saw a decrease of 132.7 points, bringing it down to 24,066.65. Among the 30-share Sensex pack, major losses were observed in Tata Motors, Reliance Industries, Asian Paints, Maruti Suzuki, NTPC, and ICICI Bank. Conversely, some stocks held their ground, with Infosys, Tech Mahindra, HCL Technologies, Titan, Kotak Mahindra Bank, and HDFC Bank showing gains in early trading. Foreign Institutional Investors (FIIs) were net sellers, offloading equities worth Rs 4,888.77 crore on Thursday, according to data shared by the exchange. This selling spree by FIIs has been a major factor contributing to market weakness in recent weeks. “Two divergent trends are currently evident in the market,” stated V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, as reported by PTI. “On one hand, there’s resilience in the global markets, largely led by the US, while on the other, the Indian market is experiencing sustained pressure from FII selling.” The Asian markets presented a mixed picture, with stock indices in Seoul and Tokyo trading positively, while Shanghai and Hong Kong quoted lower, per PTI. Wall Street closed largely higher on Thursday, which indicates that while global market sentiment remains relatively strong, India continues to face challenges specific to its market and economy. Prashanth Tapse, Senior Vice President (Research) at Mehta Equities Ltd, commented, “The Federal Reserve’s recent cut of its benchmark interest rate by 25 basis points, to a target range of 4.50 per cent to 4.75 per cent, is aimed at addressing inflation. However, Nifty remains under pressure amid ongoing FII selling.” According to PTI, he further pointed out the limited movement in Nifty, which he attributes to this persistent selling by foreign investors. Global oil prices also saw a dip, with Brent crude, the worldwide benchmark, declining 0.71 per cent to trade at USD 75.09 a barrel. The BSE benchmark had previously fallen sharply by 836.34 points, or 1.04 per cent, to settle at 79,541.79 on Thursday. Nifty, in turn, dropped by 284.70 points, or 1.16 per cent, ending at 24,199.35, according to PTI. (With inputs from PTI)
08 November,2024 10:44 AM IST | MumbaiADVERTISEMENT
