Now Reading: Sensex falls 347 points, Nifty slips below 24,350
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Sensex falls 347 points, Nifty slips below 24,350
The Sensex fell 347 points, or 0.43%, to 77,735, while the Nifty declined 89.75 points, or 0.37%, to 24,306.10, NDTV Profit reported. The move extended Friday’s weak opening, when metal and banking…
The Story in Brief
The Sensex fell 347 points, or 0.43%, to 77,735, while the Nifty declined 89.75 points, or 0.37%, to 24,306.10, NDTV Profit reported. The move extended Friday’s weak opening, when metal and banking stocks came under pressure. The Hindu BusinessLine reported the Nifty had opened at 24,361.90 and slipped to 24,319.60 by 9.28am. TMPV, Hindalco, Max Healthcare, Jio Financial Services and Tata Steel were among the leading Nifty losers. Apollo Hospitals, Eternal, Adani Ports, Cipla and Wipro gained. Foreign investors sold equities worth Rs 510 crore on 13 August, while domestic institutions bought Rs 4,353 crore.
The Indian Opinion
The lazy reading is that a weak session means a market collapse, while the bullish version treats every dip as a buying opportunity. Neither fits the reported data. The Nifty has stayed in a roughly 24,200 to 24,500 range, volatility remains subdued, and domestic institutions have offset foreign selling. Metal stocks and crude prices deserve closer attention than sweeping predictions. A sustained move above 24,500, or a break below 24,200, will offer a clearer test than one afternoon’s decline.
Sources (2): ndtvprofit.com, thehindubusinessline.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
