Stock recommendations for 9 October from MarketSmith India
Indian stocks fell sharply on Thursday, 8 October, as rising crude oil prices, a weaker rupee, and the Reserve Bank of India's hawkish stance pushed investors to sell. The Nifty 50 index dropped 371. 25 points, or 1. 64%, to 22,231. 80, after reaching a new 52‑week low of 22,179. 90 during the day. The Sensex fell 1,045. 46 points, or 1. 44%, to 71,593. 24.
Stock market recap: Indian equities suffered a broad-based selloff on Thursday, 8 October, as surging crude prices, a weaker rupee and the RBI’s hawkish turn kept investors on edge. The Nifty 50 fell 371.25 points, or 1.64%, to 22,231.80, after hitting a fresh 52-week low of 22,179.90 during the session. The Sensex dropped 1,045.46 points, or 1.44%, to 71,593.24.
Summarised by Agaah from Mint Markets. Agaah aggregates 36 sources and removes duplicate coverage — all news, one place.