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Market move● Neutral for PVR INOX
Indian stock market slides, but 28 Nifty 500 stocks hit fresh 1-year highs this week; MCX, PVR Inox among them
The brief
- Nifty 50 fell 0.88% over the week, its biggest decline since 2020
- 28 Nifty 500 stocks reached fresh one-year highs despite the wider sell-off
- Consumer drags PVR Cinemas to court after ads play for 17 minutes before movie: Movie chain must now pay ₹75,000
- PVR INOX opens five-screen multiplex in Kochi, expanding network to 1,797 screens
Indian equities’ weekly losing streak
Indian equities recorded their longest weekly losing streak since the 2020 Covid-19 crash, with the Nifty 50 down 0.88% over the week. Financial services stocks were hit amid concerns over IRDAI reforms, rising US yields and oil-market moves.
Saturday, 26 September
Friday, 25 September
- Indian stock market slides, but 28 Nifty 500 stocks hit fresh 1-year highs this week; MCX, PVR Inox among them