Markets decline for second consecutive week; Sensex ends 230 points lower

Quick Summary:

Benchmark indices fell on Friday as higher-than-expected US inflation muddled the outlook for rate cuts in the US.

With opportunities on both sides, traders should prioritise careful stock selection and effective trade management," said Ajit Mishra, SVP, Research, Religare Broking.

Tata Consultancy Services (TCS), India's biggest IT services provider, reported a moderate performance on Thursday for the second quarter of FY25.

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Article Details

Category: BusinessFinance

Markets: IndiaChina

Topics: Sensex US inflation FPI outflows Sensex IT services

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-11 @ 18:53:21 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 535 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22997909

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