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Indian benchmark indices witnessed aggressive selling as the BSE Sensex plunged over 600 points, dragged down by sustained foreign capital outflows and weak global cues.
A recent pullback in domestic and global gold and silver prices is bringing unexpected relief to festive shoppers ahead of Dhanteras and Diwali.
Indian benchmark indices closed on a muted note after a volatile session, with the Sensex slipping 125 points while the Nifty 50 managed to sustain above the 22,600 threshold.
Indian benchmark indices opened higher boosted by strong buying in IT counters, though surging crude oil prices above $113 per barrel kept broader gains in check.
Swiggy shares plunged over 12% to touch an all-time low as intense quick-commerce competition, escalating dark store costs, and margin pressures prompted heavy institutional selling.
Silver tumbled over 3% on the Multi Commodity Exchange as domestic traders booked profits following shifts in the global currency basket and US interest rate outlook.
Domestic gold prices registered a sharp decline of Rs 1,300 per 10 grams following global market corrections and a firmer US dollar index.
A sharp tech pullback dragged the Nasdaq down more than 2%, driven by investor anxiety over surging AI capital expenditures and Meta's steep five percent slide.
Indian benchmark indices fell for the third consecutive session as Brent crude breached $111 per barrel, escalating domestic inflation concerns.