After a positive opening, Indian equity markets faced a notable downturn on November 14, with both the Nifty and Sensex closing in the red. This marked the sixth consecutive decline for the Nifty and the third for the Sensex.
Analysts attribute this downturn to a risk-off sentiment among investors, exacerbated by a weak September earnings season for companies and persistent foreign outflows.
Additionally, a strong US dollar and rising bond yields are adding pressure on Indian equities, fueled by uncertainties surrounding US President-elect Donald Trump’s economic policies.
At the close, the Sensex declined by 110 points or 0.1%, settling at 77,580, while the Nifty dropped by 26 points to 23,532. Approximately 2,046 shares advanced, 1,739 shares declined, and 88 shares remained unchanged.
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