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Stock market declined due to profit booking and FII outflows; IndiGo and SpiceJet were key movers.
Summary
Indian equity markets experienced a downturn, with indices falling nearly 1% due to profit-booking in small and midcap stocks. IndiGo, Kaynes, and Eternal saw significant declines, while SpiceJet and Kesoram showed gains amidst weak market sentiment influenced by Foreign Institutional Investor (FII) outflows and Federal Reserve caution.
Key Points
- Equity indices fell approximately 1%.
- Small and midcap stocks experienced profit-booking.
- IndiGo, Kaynes, and Eternal faced declines.
- SpiceJet and Kesoram showed gains.
- Market sentiment was affected by FII outflows and Fed caution.
Full Article
Equity indices fell nearly 1% as small and midcap profit-booking dragged markets, with sharp declines in IndiGo, Kaynes, and Eternal, while SpiceJet and Kesoram gained amid weak sentiment from FII outflows and Fed caution.
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