Is there more pain ahead for Nifty 50 after a 2.2% drop in 3 sessions? Here’s what analysts say

Is there more pain ahead for Nifty 50 after a 2.2% drop in 3 sessions? Here’s what analysts say

The sell-off pressure observed in the mid- and small-cap stocks over the last few sessions amid regulatory concerns regarding excessive inflows has spread to the large-cap stocks. In today’s session, the Nifty 50 index experienced a significant decline of 1.51%, dropping below the 22,000 mark to reach 21,997 points. This marks the index’s third-largest intraday … Read more

Stock Market Live Updates: Sensex, Nifty trade flat; Coal India up 2%, BPCL, Grasim shine, TCS, Cipla shed

Stock Market Live Updates: Sensex, Nifty trade flat; Coal India up 2%, BPCL, Grasim shine, TCS, Cipla shed

TCS: The IT major’s board approves a buyback of 4.09 crore shares (1.12%) at Rs 4,150 apiece, aggregating to Rs 17,000 crore. An interim dividend of Rs 9 per share was also approved by the board, with Oct. 19 as the record date. Larsen & Toubro: The company received a Rs 64.98 lakh penalty order … Read more