🧵 1. Indian shares slump as auto and energy stocks lead the decline, tracking bearish sentiment in Asian markets on US interest rate worries. #business
🧵 1. Indian shares slump as auto and energy stocks lead the decline, tracking bearish sentiment in Asian markets on US interest rate worries. #business
🧵 3. Eicher Motors, largest loser on Nifty 50, sees over 4% drop in shares as motorcycle sales fall 4% in September.
🧵 4. US Fed comments by Powell and Barr compound concerns over interest rates, dampening Wall Street and Asian markets. Risk aversion prevails.
🧵 Read more at: https://www.financialexpress.com/market/auto-energy-stocks-lead-slide-in-indian-shares-3261157/
🧵 5. Foreign portfolio investors offload shares worth 147.68 billion rupees in September, extending net selling streak to nine sessions.
🧵 2. NSE Nifty 50 down 0.78%, S&P BSE Sensex loses 0.71%. High weightage financials and IT sectors drop 0.5%, while auto stocks plummet 0.8%.
thanks for sharing