Equity indices in India extended losses for a second consecutive day, with the BSE Sensex plummeting 490.44 points to 65,386.58, and the Nifty dropping 137.5 points to 19,533.60. Weak global trends and fresh foreign fund outflows, coupled with disappointing earnings from Wipro, contributed to the market decline. Major laggards included Tata Steel, JSW Steel, Power Grid, Bajaj Finance, Tata Motors, Bajaj Finserv, and Mahindra & Mahindra. IndusInd Bank and ITC emerged as gainers. Concerns such as the Israel-Palestine conflict, lackluster corporate performance, and rising US treasury yields added to investor apprehensions, leading to a challenging market environment.
Global Weakness and Foreign Fund Outflows Trigger Second Consecutive Market Decline
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