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India's Benchmark Index Declines Due to IT and Auto Sectors

share-iconMonday, December 30 comment-icon3 weeks ago 7 views
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reutersREUTERS
India's Benchmark Index Declines Due to IT and Auto Sectors

Credited from: REUTERS

  • India's benchmark indexes experienced a slight decline at the start of the week, primarily impacted by the information technology and auto sectors.
  • The Nifty 50 fell by 0.16% to 23,775.1 points, while the BSE Sensex decreased by 0.14% to 78,585.56.
  • Concerns regarding foreign institutional investor outflows and diminishing expectations for U.S. rate cuts are affecting market sentiment.
  • IT companies dropped by 0.7% and auto shares fell by 0.5%, with investors awaiting upcoming monthly sales data and quarterly earnings.
  • Excellent individual stock performance was noted, with JSW Energy rising by 6.6% following an acquisition announcement.

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Gloria Terra

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