• Latest
Sensex Falls Over 100 Points Amid Heavyweight Selling

Sensex Falls Over 100 Points Amid Heavyweight Selling

April 26, 2024
Still I Dream of Being a Mother: Samantha Opens Up About Motherhood

Samantha’s Silent Break: How a Digital Detox Changed Her Life

July 9, 2025
Mumbai Doctor Reported Missing After Jumping Off Atal Setu Bridge

Mumbai Doctor Reported Missing After Jumping Off Atal Setu Bridge

July 9, 2025
Siddhu Jonnalagadda Turns Gritty in 'Badass': First Look Makes Bold Statement

Siddhu Jonnalagadda Turns Gritty in ‘Badass’: First Look Makes Bold Statement

July 9, 2025
Leaders Unite Against Derogatory Remarks on TDP MLA Prashanthi Reddy

Bhuvaneswari, Purandeswari Slam YSRCP Leader Over Insult to Woman MLA

July 9, 2025
Shubman Gill Tipped as Heir to the ‘Fab Four’ Legacy by Mark Ramprakash

Shubman Gill Tipped as Heir to the ‘Fab Four’ Legacy by Mark Ramprakash

July 9, 2025
NTR’s Star Power Boosts Buzz for 'War 2' Across India and Overseas

NTR’s Star Power Boosts Buzz for ‘War 2’ Across India and Overseas

July 9, 2025
Pawan Kalyan’s Period Film Nears Release

Pawan Kalyan’s Period Film Nears Release

July 9, 2025
Vijay Deverakonda Sparks Debate with Candid Statement Ahead of Kingdom Release

Vijay Deverakonda Sparks Debate with Candid Statement Ahead of Kingdom Release

July 9, 2025
KTR Slams Rahul Gandhi Over ‘Bulldozer Raj’, Alleges Targeting of the Poor

KTR Slams Rahul Gandhi Over ‘Bulldozer Raj’, Alleges Targeting of the Poor

July 9, 2025
Apple Names Sabih Khan as New COO Amid Strategic Global Shift

Apple Names Sabih Khan as New COO Amid Strategic Global Shift

July 9, 2025
Alia Bhatt’s Ex-Secretary Held for ₹77 Lakh Fraud

Alia Bhatt’s Ex-Secretary Held for ₹77 Lakh Fraud

July 9, 2025
Modi Welcomed in Brazil with Ram Bhajan, Strengthens Ties with Lula

Modi Welcomed in Brazil with Ram Bhajan, Strengthens Ties with Lula

July 9, 2025
Sunday, August 3, 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 Falls Over 100 Points Amid Heavyweight Selling

Rajeshwari R by Rajeshwari R
April 26, 2024
in Business
Reading Time: 2 mins read
0
Sensex Falls Over 100 Points Amid Heavyweight Selling

Sensex Falls Over 100 Points Amid Heavyweight Selling

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

New Delhi: BSE Sensex witnessed a decline of over 100 points on Friday, driven by selling pressure in heavyweight stocks.

Bajaj Finance registered a decline of over 6 percent among the Sensex stocks, while Bajaj Finserv observed a decrease of over 2 percent.

On the other hand, Tech Mahindra showed an increase of over 8 percent among the gainers. BSE Sensex was trading at 74,234 points, down by 105 points.

Motilal Oswal Financial Services downgraded Bajaj Finance stock to Neutral, citing near-term challenges in asset under management (AUM) growth. The company’s decision to scale back business in Rural B2C and slower AUM growth in the B2B business, coupled with other factors like NIM compression and difficulties in passing on interest rate hikes to customers, contributed to the downgrade.

V. K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, highlighted the market’s resilience, supported by significant DII buying of Rs 6,167 crores yesterday, which overshadowed sustained FII selling. With the US 10-year bond yield surpassing 4.7 percent, FIIs are expected to continue selling.

Data from the US indicates a weakening US economy, with Q1 GDP growth lower than expected at 1.6 percent. Despite this, the Fed is unlikely to cut rates in the next couple of meetings due to persistently high inflation, he added. Vijayakumar also emphasized the emerging interest in the pharmaceutical sector in recent days.

Deepak Jasani, Head of Retail Research at HDFC Securities, noted that US stocks closed lower on Thursday following slower-than-expected US economic growth and persistent inflation. Additionally, disappointing forecasts from Facebook and Instagram owner Meta impacted the tech sector. However, major technology companies saw significant gains in late trading, driven by robust results from Microsoft Corp. and Google’s parent Alphabet Inc. Yet, Intel shares experienced an 8 percent drop in extended hours trading after forecasting second-quarter revenue and profit below market estimates.

Tags: Bajaj FinanceSensex

Leave a Reply Cancel reply

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

Still I Dream of Being a Mother: Samantha Opens Up About Motherhood

Samantha’s Silent Break: How a Digital Detox Changed Her Life

July 9, 2025
Mumbai Doctor Reported Missing After Jumping Off Atal Setu Bridge

Mumbai Doctor Reported Missing After Jumping Off Atal Setu Bridge

July 9, 2025
Siddhu Jonnalagadda Turns Gritty in 'Badass': First Look Makes Bold Statement

Siddhu Jonnalagadda Turns Gritty in ‘Badass’: First Look Makes Bold Statement

July 9, 2025
No Result
View All Result

Recent News

  • Samantha’s Silent Break: How a Digital Detox Changed Her Life
  • Mumbai Doctor Reported Missing After Jumping Off Atal Setu Bridge
  • Siddhu Jonnalagadda Turns Gritty in ‘Badass’: First Look Makes Bold Statement
  • Bhuvaneswari, Purandeswari Slam YSRCP Leader Over Insult to Woman MLA

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)