Why bse is falling

Consumer sentiment: US consumer sentiment steadied in early September, but consumers continue to have a bleak view of the outlook amid a stiff bout of inflation, a survey showed on Friday. Profit booking: Apart from the above, losses were also seen as share market succumbed to profit-booking.

Most of the profit-booking was seen in the metal sector today with stocks such as Tata Steel and JSW Steel dragging the benchmark index lower. We will keep you updated on how these factors develop in the coming days and what effect they have on Indian stock markets.

Stay tuned! In news from the pharma sector, Lupin was among the top buzzing stocks today. We are confident of addressing the observations satisfactorily and are committed to be compliant with Good Manufacturing Practice standards across all our facilities. Lupin also has Mandideep, Pithampur and Somerset facility under warning letter while the Tarapur facility is under an official action indicated status.

These seven observations for the Goa facility, which has been under regulatory oversight for four years, can impact investor sentiments. Lupin shares have so far this year fallen 2. Income from Operating Lease Rentals remained stable at Rs 1.

The planned distribution of Rs 1. Indian equity benchmarks remained lower at noon session with both Sensex and Nifty trading in red terrain. The BSE Sensex 30 index currently trading around There were 13 stocks advancing against 17 stocks declining on the index. The CNX Nifty is currently trading around the level of There were 24 stocks advancing against 26 stocks declining on the Nifty index. The broader indices were trading in green, the BSE Mid cap index was up by 0.

Our research suggests that levels will act as immediate support level. We can expect the market to trade in the range of The IPO received a stellar response from both institutional as well as retail investors. In the primary market, Nykaa shares were quoting at a premium of 68 per cent over the issue price of Rs 1, per share, according to the people who deal in unlisted shares of the companies.

Nykaa has a diverse portfolio of beauty, personnel care, and fashion products including its owned manufactured brand products under its two business verticals, Nykaa and Nykaa Fashion.

Read full story. The issue received bids for 1. The portion reserved for retail investors saw 1. Their portion was subscribed 30 per cent. In the primary market, Sapphire Foods shares were trading at premium. On Multi Commodity Exchange, gold December futures were trading weak at Rs 48, per 10 gram, while silver December futures were ruling at Rs 64, per kg, down Rs Globally, yellow metal prices remained steady, consolidating near a two-month high scaled in the previous session, as a weak dollar offset firm U.

US gold futures fell 0. The return of foreign capital into India's bucket and a broad dollar weakness post a dovish Fed has remained supportive of the rupee. That apart, better PMI numbers of manufacturing and service activities indicate economic conditions are improving despite lingering concerns over oil prices, thereby boosting the positive sentiments. The stock tanked 9. On NSE, it tumbled Click here to read. Bitcoin futures exchange-traded fund — the second-busiest ETF debut on record and another step in its evolution from the frontiers of finance toward something with more mainstream appeal.

Prices of petrol and diesel touched new record highs after they were hiked for the second consecutive day across the country on Thursday, October 21, In the national capital, both petrol and diesel prices were risen by 35 paise each. Following the latest price revision, petrol in Delhi is now retailing at Rs In the financial capital Mumbai, petrol price now stands at Rs The Indian rupee inched higher by 3 paise to At the interbank foreign exchange, the rupee opened at Sensex settled 59, Morgan Stanley today downgraded Indian equities to equal-weight from overweight due to expensive valuations, and said it expects the market to consolidate ahead of potential "short-term headwinds".

The downgrade follows similar moves by Nomura and UBS. Relentless selling by FIIs is a key reason for this correction in the market, say analysts. In some pockets, there is still money to be made, which will see some sectoral churn," said Saurabh Jain, assistant vice president at SMC Securities. The broader markets too were under selling pressure with BSE midcap and smallcap indices down about 1. On the upside, has become an immediate supply zone.

The rise in fresh covid cases in some of the countries is also disturbing the mood of the investors.