Login or Join
 Learn then Earn
stockMarketNEWS

 story : Sensex falls 1,170 points; oil stocks down #FinanceIndia #StockMarketNEWS #Business IANS Mumbai Negative global cues as well as foreign fund outflows dragged India’s key equity indices S&P

@stockMarketNEWS 6 Days ago

Posted in: #FinanceIndia #StockMarketNEWS #Business

Sensex falls 1,170 points; oil stocks down #FinanceIndia #StockMarketNEWS #Business
IANS



Mumbai



Negative global cues as well as foreign fund outflows dragged India’s key equity indices S&P BSE Sensex and NSE Nifty50 deep into the red on Monday.



The barometer 30-scrip Sensex fell sharply to 58,465 points, down by 1,170.12 points or 1.96 per cent.



Similarly, the broader 50-scrip Nifty closed the day at 17,416 points, down 1.96 per cent or 348.25 points. It touched a low of 17,280 points. “Subdued listing and continuation of weak trading of Paytm, India’s largest new generation fintech, is a big sentimental setback to the domestic market, which was thriving on the strong primary market. It will impact the inflow of money from the retail segment, which has been a key player during the year,? said Vinod Nair, Head of Research at Geojit Financial Services.



“FIIs are also a seller due to fear of overvaluation of India compared to peers. Weak inflow from FIIs will possibly get higher due to the withdrawal of three agriculture farm acts which brings a stoppage to government’s reformist agendas in context to coming state elections next year. It was a key factor for India to trade at a premium to EMs during the year.?
The post Sensex falls 1,170 points; oil stocks down appeared first on The Navhind Times.


Munafa USA Munafa India Munafa NSE


Report

Login to follow story

More posts by @stockMarketNEWS

Munafa ebook, learn stock market trading

0 Comments

Sorted by latest first Latest Oldest Best

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme