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Market move▼ Bearish for Indian equities
50% of Nifty stocks slip into bear territory, down up to 40% - What should investors do now? Experts view
The brief
- Over 25 Nifty 50 stocks are trading more than 20% below recent highs
- Some stocks are down by as much as 40%
- Declines across tech, auto and financial stocks expose investors in these Indian sectors to continued volatility
- Auto makers post strong sales ahead of festive season
- Treasury sanctions operation targets Iran's auto, rail industries in latest economic attack
- Mahindra and Embraer pick Nagpur for potential C-390 assembly line
- MP Tourism, Royal Enfield begin two-year partnership for adventure tourism
- GM reports 5.5% decline in third-quarter U.S. sales as EV sales drop
Indian equities fall amid foreign outflows and rising oil
Indian shares had their worst September quarter in more than a decade as rising crude prices and foreign selling weighed on markets; FPIs withdrew $2.7 billion in September. The Sensex fell for four straight sessions through October 1, while 252 Nifty 500 stocks were more than 30% below their highs.
Thursday, 1 October
- 50% of Nifty stocks slip into bear territory, down up to 40% - What should investors do now? Experts view