Sensex Down 241 Points; Nifty Falls For 7th Day As FPI Selling Spree, IT Stocks Dampen Sentiment|Economy News

Mumbai: Benchmark supply indices Sensex and Nifty proceeded their decrease on Monday owing to unrelenting international fund discharges, marketing in IT supplies and weak leads from the United States markets.

The 30-share BSE Sensex visited 241.30 factors or 0.31 percent to clear up at 77,339.01, registering its 4th day of decrease. During the day, it dropped 615.25 factors or 0.79 percent to 76,965.06.

Falling for the 7th day straight, the NSE Nifty dipped 78.90 factors or 0.34 percent to 23,453.80.

From the 30-share Sensex pack, Tata Consultancy Services, Infosys, NTPC, HCL Technologies, Axis Bank, Tech Mahindra, Bajaj Finserv, Sun Pharma, In dusIn d Bank and Reliance Industries were the significant laggards. .
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Tata Steel &, Hindustan Unilever, Mahindra & Mahindra,Nestle andState Bank ofIndia were amongst the gainers.

Foreign Institutional Investors (FIIs) unloaded equities worthRs 1,849.87 crore on Thursday, according to exchange information. .
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Foreign capitalists have actually taken out Rs 22,420 crore from the Indian equity markets until now this month, owing to high residential supply assessments, raising allotments to China, and the climbing United States buck along with Treasury returns. .
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With this sell-off,Foreign Portfolio Investors (FPIs) have actually taped a complete discharge of Rs 15,827 crore in 2024 until now. .
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Equity markets were shut on Friday for Guru Nanak Jayanti. .
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“Consolidation continued in the market; a slowdown in earnings growth and a weak rupee due to inflation impacted the sentiment. IT stocks reacted negatively today due to a reduced expectation of a Fed rate cut in December, which may pose a delay in spending in the BFSI segment,” Vinod Nair, Head ofResearch,(* ), claimed. . .Geojit Financial Services markets,

In Asian and Seoul cleared up greater while Hong Kong and(* )finished reduced.
. .Tokyo markets were selling the adverse region. Shanghai United States markets finished lower on

European. .
. The oil criteriaFriday crude climbed up 0.49 percent to USD 71.39 a barrel. .
.(* )BSE criteria

Global went down 110.64 factors or 0.14 percent to clear up at 77,580.31 onBrent

The decreased by 26.35 factors or 0.11 percent to 23,532.70.Sensex