ET Market Watch: ET Market Watch: Sensex down 232 pts, Nifty at 19,542; FMCG shares drag

Hello everybody, I’m Neha Vashishth Mahajan. Welcome to ET Market Watch – your each day podcast for each day inventory market updates. Let’s check out the highlights of the day.

-Indian markets closed decrease on Oct 20 and had been dragged by FMCG shares after blended earnings from prime corporations had been noticed.
-US Fed Reserve Chair Jerome Powell’s feedback fanning worries over higher-for-longer rates of interest additionally weighed on investor sentiments.
-Sensex fell 232 factors to settle at 65,397.
-Nifty dropped 82 factors to finish at 19,542.

Gainers and losers
ITC, Tata Metal, and HUL had been the highest losers on Sensex, falling over 2% every. SBI, JSW Metal, and Energy Grid additionally ended decrease, whereas Kotak Financial institution, IndusInd Financial institution, TCS, and NTPC closed increased.

Shares in information
Tata Communications closed 3.7% decrease after the agency reported a 58% YoY decline in consolidated Revenue after tax to Rs 221.26 crore for the Q2 FY24.

Zomato closed 1.5% increased after a block deal value Rs 1,040.50 crore involving a 1.1% stake in a meals aggregator happened on the exchanges.

World markets, oil and Rupee
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong had been buying and selling within the destructive territory. The rupee settled on a flat notice at 83.13 towards the US greenback amid destructive fairness markets and rising crude oil costs. World oil benchmark Brent crude futures climbed 1.27% to USD 93.55 per barrel throughout Asian hours.

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