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Market move▼ Strongly bearish for Indian equities
Sensex, Nifty set to post worst 9-month show in 15 years
The brief
- Sensex and Nifty are set for their worst nine-month performance in 15 years
- In the first nine months of 2011, Sensex fell 19.8% and Nifty dropped 18.9%
- A prolonged market decline pressures Indian equity portfolios and raises risk for cyclical sectors
- Sensex rises 190 points in early trade after two days of losses
- Firstsource Solutions, Solar Industries lead Nifty 500 gainers, Max Healthcare, BSE fall at market open
- BSE shares enter Nifty club, stock tanks 4%; what consensus target suggests
- Firstsource Solutions share price jumps 9% with volume surging 2 times - Experts highlight key levels to watch
- Indian shares likely to rise as oil comes off; BSE joins Nifty
Indian equities fall amid FII selling
Indian shares swung lower as global weakness, geopolitical tensions and crude above $100 weighed on sentiment. FIIs sold heavily, including nearly ₹10,000 crore on Tuesday, while the Nifty fell nearly 7% in September and domestic institutions continued buying.
Wednesday, 30 September
- Sensex, Nifty set to post worst 9-month show in 15 years