Stock markets settle flat in highly volatile trade; oil & gas, FMCG shares major drag

Stock markets settle flat in highly volatile trade; oil & gas, FMCG shares major drag



In line with trade information, equities value ₹9,791.93 crore have been offered by FIIs on Monday, September 30, 2024, whereas Home Institutional Buyers DIIs bought equities valued at ₹6,645.80 crore. File
| Picture Credit score: Reuters

Benchmark indices Sensex and Nifty edged decrease on Tuesday (October 1, 2024), extending the shedding run to the third day amid profit-taking in oil & gasoline and choose FMCG shares.

The BSE Sensex dipped 33.49 factors or 0.04% to settle at 84,266.29. Throughout the day, it hit a excessive of 84,648.40 and a low of 84,098.94.

The NSE Nifty closed marginally decrease by 13.95 factors or 0.05% to 25,796.90.

Muted tendencies in world markets and heavy overseas fund outflows weighed on investor sentiment, analysts stated.

From the 30 Sensex corporations, IndusInd Financial institution, Asian Paints, Hindustan Unilever, Tata Motors, Tata Metal, Titan, Reliance Industries and NTPC have been among the many main laggards.

Tech Mahindra, Mahindra & Mahindra, Kotak Mahindra Financial institution, Infosys, HCL Applied sciences and State Financial institution of India have been among the many main gainers.

In Asian markets, Tokyo settled larger. South Korea, Hong Kong and mainland Chinese language markets are closed for a public vacation on Tuesday (October 1, 2024). Markets in mainland China will likely be closed for the remainder of the week as a result of vacation.

European markets have been buying and selling on a combined word. The U.S. markets ended within the constructive territory on Monday (September 30, 2024).

International Institutional Buyers (FIIs) offloaded equities value ₹9,791.93 crore on Monday (September 30, 2024), whereas Home Institutional Buyers (DIIs) purchased equities value ₹6,645.80 crore, in response to trade information.

India’s manufacturing sector development fell to an eight-month low in September amid softer improve in manufacturing unit manufacturing, gross sales and new export orders, a month-to-month survey stated on Tuesday (October 1, 2024).

The seasonally adjusted HSBC India Manufacturing Buying Managers’ Index (PMI) fell from 57.5 in August to 56.5 in September, registering the weakest tempo of development since January.

In PMI parlance, a print above 50 means enlargement, whereas a rating beneath 50 denotes contraction.

International oil benchmark Brent crude declined 1.66% to $ 70.51 barrel.

The BSE benchmark tumbled 1,272.07 factors or 1.49% to settle at 84,299.78 on Monday (September 30, 2024). Throughout the day, it plunged 1,314.71 factors or 1.53% to 84,257.14. The Nifty tanked 368.10 factors or 1.41% to 25,810.85.





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