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Market move▼ Bearish for Indian equities
Sensex drops 1100+ points after Iran's fiery UN speech, Indian Ocean warning; NSE IPO debuts
The brief
- Sensex was down 1,164.81 points, or 1.56%, at 73,663.44 around 1:56 pm
- The report links the decline to Iran's UN speech and an Indian Ocean warning
- Geopolitical risk and sharp selling weigh on Indian equities, including oil-sensitive companies
- Volumes jump at Sun TV Network Ltd counter
- BSE shares fall 2%, down 30% in 4 months. Why Macquarie is bullish while Jefferies is cautious
- BSE SME Robokidz Eduventures takes flight on debut
- Sensex tanks 730 points amid surging crude oil prices, geopolitical uncertainties
- Adani Enterprises shares drop 2% after Adani group entities swap 86 lakh shares for ₹2,498 crore | Details here
Indian shares extend their losing streak
Indian equities came under pressure amid global weakness, rising crude prices and bond yields. The Sensex and Nifty recorded a seventh consecutive weekly decline, their longest such streak since 2020, as foreign investors sold ₹11,490 crore of equities over five days.
Thursday, 24 September
- Sensex drops 1100+ points after Iran's fiery UN speech, Indian Ocean warning; NSE IPO debuts