Sensex tanks over 6,000 points from peak of nearly 86,000 a month ago

Quick Summary:

On Friday, the Sensex and Nifty fell nearly 1% each due to poor quarterly earnings and substantial foreign fund selling, with the Sensex dropping 663 points to 79,402.

BSE’s market capitalization fell by over Rs 7 lakh crore.

Foreign portfolio investors recorded a net outflow of nearly Rs 90,000 crore in October, while domestic funds provided some support.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: India

Topics: Business news Market capitalisation Nifty Sensex Foreign funds Quarterly earnings

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-26 @ 06:30:05 (2 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 814 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 30 words per sentence (average)

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

Copyright Owner: © Times of India

News ID: 23245179

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