• Latest
Sensex and Nifty Open Lower; Bharti Airtel and Bajaj Finance Lead Losses

Sensex and Nifty Open Lower; Bharti Airtel and Bajaj Finance Lead Losses

October 11, 2024
Ravi Teja’s Nephew Maadhav Debuts with Gritty Rural Drama Maremma

Ravi Teja’s Nephew Maadhav Debuts with Gritty Rural Drama Maremma

July 8, 2025
Modi in Brazil: Diaspora and Brazilian Artists Unite in Cultural Harmony

Modi in Brazil: Diaspora and Brazilian Artists Unite in Cultural Harmony

July 8, 2025
Sensex, Nifty Rise as US Hints at India Deal

Sensex, Nifty Rise as US Hints at India Deal

July 8, 2025
Bandi Sanjay Warns BRS of Retaliation Over Alleged Media Intimidation

Bandi Sanjay Warns BRS of Retaliation Over Alleged Media Intimidation

July 8, 2025
Teacher Paves the Way for Students in Kakinada

Teacher Paves the Way for Students in Kakinada

July 7, 2025
Samantha’s Bold Look Steals Spotlight in America

Samantha’s Bold Look Steals Spotlight in America

July 7, 2025
‘Kingdom’ Locks July 31 Release with Action-Packed Promo

‘Kingdom’ Locks July 31 Release with Action-Packed Promo

July 7, 2025
Dale Steyn Steps Down as Sunrisers EC Bowling Coach

Dale Steyn Steps Down as Sunrisers EC Bowling Coach

July 7, 2025
Nifty, Sensex Open Flat; Eyes on US Trade Talks

Sensex, Nifty Flat Amid India-US Trade Deal Uncertainty

July 7, 2025
Dhurandhar Teaser Garners Buzz; Sara Arjun's Role Sparks Debate

Dhurandhar Teaser Garners Buzz; Sara Arjun’s Role Sparks Debate

July 7, 2025
TG ICET 2025: 90.83% Candidates Qualify

TG ICET 2025: 90.83% Candidates Qualify

July 7, 2025
Kerala Officer’s Daring King Cobra Rescue Goes Viral

Kerala Officer’s Daring King Cobra Rescue Goes Viral

July 7, 2025
Tuesday, July 8, 2025
  • Login
CredTimes.com : Formerly known as TollywoodTimes.com
720 X 90 Advertisement
ADVERTISEMENT
  • Home
  • Politics
  • Entertainment
    • News
    • Reviews
    • Photos
    • Videos
  • Government
    • Andhra Pradesh
    • Telangana
    • India
  • World
  • Business
  • Cricket
  • Sports
  • Technology
  • Lifestyle
  • Education
No Result
View All Result
  • Home
  • Politics
  • Entertainment
    • News
    • Reviews
    • Photos
    • Videos
  • Government
    • Andhra Pradesh
    • Telangana
    • India
  • World
  • Business
  • Cricket
  • Sports
  • Technology
  • Lifestyle
  • Education
No Result
View All Result
CredTimes.com : Formerly known as TollywoodTimes.com
Home Business

Sensex and Nifty Open Lower; Bharti Airtel and Bajaj Finance Lead Losses

Rajeshwari R by Rajeshwari R
October 11, 2024
in Business
Reading Time: 3 mins read
0
Sensex and Nifty Open Lower; Bharti Airtel and Bajaj Finance Lead Losses

Sensex and Nifty Open Lower; Bharti Airtel and Bajaj Finance Lead Losses

6.8k
SHARES
19.5k
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

Indian Equity Markets Open Lower Amid Weak US Cues

Mumbai – Indian equity indices opened on a negative note on Friday, reflecting weak signals from the US markets. At 9:24 a.m., the Sensex was down by 142 points, or 0.17%, trading at 81,469, while the Nifty declined by 36 points, or 0.12%, to settle at 24,960.

Banking stocks faced notable selling pressure, with the Nifty Bank index falling by 204 points, or 0.40%, to reach 51,326. In the Sensex pack, HCL Tech, Wipro, Tata Steel, Tech Mahindra, Sun Pharma, Tata Motors, Titan, Infosys, JSW Steel, TCS, and IndusInd Bank emerged as the top gainers.

Conversely, major losses were seen among stocks such as Bharti Airtel, Bajaj Finance, Asian Paints, Bajaj Finserv, ICICI Bank, HDFC Bank, Kotak Mahindra Bank, Axis Bank, NTPC, UltraTech Cement, Maruti Suzuki, HUL, Nestle, and SBI.

In a contrasting trend, midcap and smallcap indices were trading positively. The Nifty Midcap 100 index rose by 79 points, or 0.13%, to 58,995, while the Nifty Smallcap index increased by 39 points, or 0.18%, to 18,939.

Sector-wise, gains were noted in IT, PSU banks, pharmaceuticals, metals, media, and commodities, while losses were recorded in the auto, financial services, FMCG, realty, and energy sectors.

Most Asian markets were trading in the green, with Tokyo, Seoul, Hong Kong, Bangkok, and Jakarta showing significant gains. In contrast, the US market closed lower on Thursday.

Market experts suggest that volatility is expected to persist in the near term, characterized by alternating patterns of foreign institutional investor (FII) selling and domestic institutional investor (DII) buying. “Attractive valuations in other markets, particularly in Chinese stocks, may lead to further FII selling in India, given the elevated Indian valuations. Additionally, concerns about earnings downgrades in the second half of FY25 could challenge the sustainability of these valuations,” they noted.

However, a positive trend is emerging with leading private sector banks attracting accumulation and demonstrating resilience even amidst a weak market backdrop. Experts believe this segment is among the most attractively valued in the current market landscape.

On October 10, foreign institutional investors continued their selling spree, offloading equities worth ₹4,926 crore, while domestic institutional investors bought shares worth ₹3,878 crore during the same period.

Tags: EquityNiftySensexTOP

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ravi Teja’s Nephew Maadhav Debuts with Gritty Rural Drama Maremma

Ravi Teja’s Nephew Maadhav Debuts with Gritty Rural Drama Maremma

July 8, 2025
Modi in Brazil: Diaspora and Brazilian Artists Unite in Cultural Harmony

Modi in Brazil: Diaspora and Brazilian Artists Unite in Cultural Harmony

July 8, 2025
Sensex, Nifty Rise as US Hints at India Deal

Sensex, Nifty Rise as US Hints at India Deal

July 8, 2025
No Result
View All Result

Recent News

  • Ravi Teja’s Nephew Maadhav Debuts with Gritty Rural Drama Maremma
  • Modi in Brazil: Diaspora and Brazilian Artists Unite in Cultural Harmony
  • Sensex, Nifty Rise as US Hints at India Deal
  • Bandi Sanjay Warns BRS of Retaliation Over Alleged Media Intimidation

We bring you the latest updates on Indian political affairs, business trends, sports highlights, and the glitz and glamour of the entertainment world. Stay tuned for comprehensive coverage of movie releases and reviews, ensuring you're always in the know. Trust CredTimes.com to keep you informed and credible.

  • About Us
  • Privacy & Policy
  • Contact Us

© 2024 All Rights Reserved. CredTimes.com (Formerly known as TollywoodTimes.com)

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Entertainment
    • News
    • Reviews
    • Photos
    • Videos
  • Government
    • Andhra Pradesh
    • Telangana
    • India
  • World
  • Business
  • Cricket
  • Sports
  • Technology
  • Lifestyle
  • Education

© 2024 All Rights Reserved. CredTimes.com (Formerly known as TollywoodTimes.com)