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Market move▼ Bearish for Indian equities
Sensex falls 900 points as crude rebounds; Nifty slips below 22,900
The brief
- Sensex fell 900 points intraday and Nifty dropped below 22,900
- Midcap and smallcap indices were down 1 per cent in early trade
- Crude-led selling pressures Indian equities, with small- and midcap stocks also under strain
- Stock selection key as earnings and valuation gaps widen: Tata MF’s Chandraprakash Padiyar
- Four SME IPOs to open for subscription today: Check price band, lot size and key details
- Feeling blue: Near 40% of Nifty stocks down over 20%; ₹31 trn wiped out
- Daily Voice: Q2 earnings growth may slow to 13-14%, but mid, smallcaps still look attractive, says HDFC Securities
- ‘We will compete beyond the mid-cap space’: Happiest Minds’ Sridhar Mantha
Sensex and Nifty fall as crude rebounds
On September 28, the Sensex dropped more than 500 points at the open and the Nifty opened below 23,000. The Sensex later fell 900 points intraday as the Nifty slipped below 22,900; midcap and smallcap indices were down 1% in early trade.
Monday, 28 September
- Sensex falls 900 points as crude rebounds; Nifty slips below 22,900