Nifty Fall News Today

The 30-share BSE Sensex pack slumped 719 points or 0.98 per cent to trade at 72,376 and the broader NSE Nifty index moved 244 points or 1.1 per cent down to hit 21,955 level.

While some selling may have been the result of FPIs paring stake to comply with the new regulations, analysts say the big falls over the past few sessions were triggered by stock-specific negative news and overvaluation

BSE's barometer Sensex dropped more than 835 on Thursday to slip down to 70,665.50 early in the morning. The 30-share pack has crashed over 2,760 points from its 52-week highs at 73427.59.

BSE's Sensex dropped 313.90 points, or 0.44 per cent, to settle at 71,186.86. NSE's Nifty50 plunged 109.70 points, or 0.51 per cent, to end the day at 21,462.25 for the day.

All NSE sectoral indices were trading in red with Nifty Media, and Nifty Realty leading the losses, falling over 2 percent.

The S&P BSE Sensex fell 796 points to 66,800.84, while the NSE Nifty 50 ended 231.90 points to 19,901.40.

Stocks like Bajaj Finance, Hero Moto, IndusInd Bank, AB Capital, Bandhan Bank, Oberoi Realty and Shriram Finance can remain under pressure. Investors can start accumulating BPCL and ITC in the fall, said analysts.

Sensex plunges over 700 points: The Sensex, the benchmark stock index of the Bombay Stock Exchange (BSE), plunged 700 points on August 1, 2023, to close at 37,668.42. This was the biggest single-day drop since March 2022, What to expect & dos and don'ts Latest Updates at news18.com

Jefferies says deterioration in global macro and valuations concerns would catch up with Indian markets, even as earnings could see some support in September quarter from an early festive season. 

The difference between India’s 10-year GSec yield and the Nifty’s earnings yield is at a point at which negative equity returns usually ensue, states the latest report by CLSA.