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Here's why Sensex fell 900 pts, Nifty slipped below 24,900 intraday today

Business Standard LogoBusiness Standard8h ago

Here's why Sensex fell 900 pts, Nifty slipped below 24,900 intraday today - Business Standard

Quick Summary:

The BSE MidCap index on the other hand slumped by 1.23 per cent intraday.

Though, only concern according to him is the elevated valuations in the Indian market, he and, therefore, advised investors to prioritise buying fairly valued quality stocks on declines.

However, from an Indian perspective, Vijayakumar said that the economy continues to do well and the macros are improving as indicated by the 47 per cent growth in FDI in Q1FY25 and the steady decline in Brent crude prices to below $73 now.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-06 @ 11:25:04 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 724 words

Reading Time: 5 minutes read

Sentences: 36 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22387757

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Official Website: business-standard.com

Update Frequency: 295 posts per day

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News Last Updated: 2 hours ago

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Publisher ID: #49

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