Anticipations for second-quarter results from companies are not particularly optimistic, and foreign investors selling off assets to move to China could further depress the market.
Reports say Reliance Industries has dubbed the bonus issuance, expected to be the largest of its kind in India’s stock market, as an "early Diwali gift" to investors.
Stock to buy for long term: A small-cap steel stock, JTL Industries, is generating buzz among investors as experts predict a potential 35% price increase
The rupee fell below 84 against the dollar for the first time; the Nifty dropped below 25,000 for the third straight day at 24,964.; the Sensex ended the day at 81,381.
Despite the formation of a black candle on the daily chart, the index managed to close just above the previous day’s level, suggesting a potential consolidation phase.