Market move▼ Bearish for Tata Motors CV
Largecaps bear brunt of selloff as 84% of Nifty50 stocks slip below 200-DMAs
The brief
- 84% of Nifty 50 stocks slipped below their 200-day moving averages amid a selloff
- Rs 2.7 lakh crore gone! Tata Sons tussle wipes out 10% value of Tata group stocks
- Noel and son move to shield Trusts as Tata Sons tussle heats up
- Tata Motors CV arm buys 26% stake in Mateshwari E-Smart Mobility for ₹2.6 lakh
Foreign outflows and pressure on Indian equities
Indian equities logged their worst September quarter in more than a decade as rising crude prices, global yields and foreign selling weighed on markets. FPIs withdrew ₹35,860 crore in September, while 252 Nifty 500 stocks were more than 30% below their highs.
Monday, 5 October
- Largecaps bear brunt of selloff as 84% of Nifty50 stocks slip below 200-DMAs