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Market move● Neutral for Bajaj Finserv
Sensex, Nifty open cautiously today; IT stocks bleed as crude, yields bite
The brief
- IT stocks fell as crude and bond yields weighed on markets
- Bajaj Finserv, Shriram Finance, Power Grid, Bajaj Auto and Axis Bank led Nifty 50 gainers
- Crude and yield pressure weighs on IT services, while listed financials, Power Grid and autos gained
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| AXISBANK | Fri, 25 Sept | +3.0% | +2.7% | 1.4× | +3.0% · Nifty +0.3% |
| BAJAJ-AUTO | Fri, 25 Sept | +0.7% | +0.3% | 0.6× | +0.7% · Nifty +0.3% |
| BAJFINANCE | Fri, 25 Sept | +1.5% | +1.2% | 0.9× | +1.5% · Nifty +0.3% |
| POWERGRID | Fri, 25 Sept | +1.2% | +0.8% | 0.7× | +1.2% · Nifty +0.3% |
| SHRIRAMFIN | Fri, 25 Sept | +0.4% | +0.1% | 0.6× | +0.4% · Nifty +0.3% |
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.
Friday, 25 September
- Sensex, Nifty open cautiously today; IT stocks bleed as crude, yields bite