Poging GOUD - Vrij
Markets settle lower, Sensex falls 230 pts amid selling in banking & utility stocks
Millennium Post Delhi
|October 12, 2024
Despite volatility in Sensex, the market capitalisation of BSE-listed companies rose by Rs 27,796.69 crore to Rs 4,62,27,901.66 ($5.50 trillion)
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Equity benchmark indices Sensex and Nifty ended lower on Friday, dragged by selling in banking, utility and financial stocks as investors turned cautious ahead of the release of industrial production data.
Unabated foreign fund outflows and a depreciating rupee amid geopolitical tensions also hit investors' sentiment, traders said.
However, intense buying in metal stocks amid reports that China will pump more capital in fresh fiscal stimulus to boost its economy restricted the losses, they added.
In a volatile trade, the 30-share BSE Sensex fell 230.05 points or 0.28 per cent to close at 81,381.36. During the day, it declined 307.26 points or 0.37 per cent to a low of 81,304.15.
Dit verhaal komt uit de October 12, 2024-editie van Millennium Post Delhi.
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