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Indian Stocks Dip Amid Sectoral Losses
19 Nov
Summary
- Indian equities experienced a decline, led by Real Estate, Metals, and Capital Goods.
- Bharti Airtel reached all-time highs, while Tech Mahindra saw significant losses.
- Gold futures decreased, and crude oil prices also fell in commodity trading.
Indian equities concluded Tuesday's trading session on a downward trajectory, impacted by significant downturns in the Real Estate, Metals, and Capital Goods sectors. The benchmark Nifty 50 index shed 0.40%, closing at a lower point, while the BSE Sensex 30 experienced a similar decline of 0.33%.
Amidst the market's overall struggle, Bharti Airtel Ltd. emerged as a strong performer, not only gaining 1.69% on the Nifty 50 but also achieving all-time highs on both NSE and BSE. Axis Bank Ltd. also marked a positive session, reaching 52-week highs. Conversely, Tech Mahindra Ltd. was among the biggest losers, contributing to the day's downturn.
In other markets, gold futures for December delivery dipped by 0.86%, and crude oil prices also saw a slight decrease. The Indian Rupee experienced minor fluctuations against the US Dollar and Euro. The India VIX, an indicator of market volatility, rose by 2.31%.
