Sensex fell 984 points and closed at a 4-month low
Delhi Delhi. The benchmark Sensex fell 984 points to close at its lowest in over four months on Wednesday following massive selloff in banking, auto and capital goods stocks amid retail inflation hitting a 14-month high in October and continued outflow of foreign funds.The BSE Sensex fell 984.23 points, or 1.25 per cent, to 77,690.95, marking its second consecutive day of decline. During the day, it fell 1,141.88 points, or 1.45 per cent, to 77,533.30.
The NSE Nifty declined for the fifth consecutive day and fell 324.40 points, or 1.36 per cent, to 23,559.05, its highest level since June 24, 2024.Among the 30-share Sensex pack, Mahindra & Mahindra, Tata Steel, Adani Ports, JSW Steel, IndusInd Bank, Reliance Industries, HDFC Bank and Kotak Mahindra Bank were the top losers.
Tata Motors, NTPC, Hindustan Unilever, Asian Paints and Infosys gained.Latest data showed retail inflation breached the Reserve Bank’s upper tolerable level to a 14-month high of 6.21 per cent in October, mainly due to rising food prices.Foreign institutional investors (FIIs) sold shares worth Rs 3,024.31 crore on Tuesday, according to exchange data.
