Sensex and Nifty Drop: Nestle Q1 Results Impact Market
The Sensex and Nifty declined due to selling in heavyweight stocks and FII outflows. Nestle India's Q1 results, FII selling, weakness in heavyweights, rising crude prices, global trade tensions, and selling pressure in IT stocks were key factors behind the market decline.
Sensex, Nifty declined on Thursday due to selling in heavyweight stocks and FII outflows. Sensex was 0.79% lower at 82,076.66, while Nifty dropped 0.78% to 25,023.80. Nestle India, Trent, Shriram Finance, Tech Mahindra, and Coal India were major laggards.
Key factors affecting the market:
- Nestle India's earnings miss
- FII selling
- Weakness in heavyweights like Trent, Tech Mahindra, and Infosys
- Rising crude prices
- Global trade tensions
- Selling pressure in IT stocks
Technical view: Nifty may consolidate with key supports at 25,174 and 25,113.
According to the source: Moneycontrol.
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
