Markets log biggest decline in two months as FPIs resume selloff

Quick Summary:

The IT index fell the most, by 2.4 per cent, followed by the auto index, which declined 1.

The selling was triggered by uncertainty over the US interest rate outlook after the latest inflation data showed a stubbornly strong print.

The Nifty Midcap 100 and the Nifty Smallcap 100 managed to end with marginal gains."The consolidation phase in the market is likely to continue in the near term.

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Article Details

Category: BusinessFinance

Markets: IndiaChina

Topics: FPI Stock market trading IT stocks

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 19:38:15 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 686 words

Reading Time: 4 minutes read

Sentences: 32 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 23921190

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Official Website: business-standard.com

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