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Report

Sensex slumps 1,000 points as RBI stance, foreign selling and oil prices weigh

Economic Times reported IT shares rising despite broader losses, with the Nifty below 22,500 at 10:15 a.m.

TRADE WIZARDTW
PracoolPR
Kunal BothraKB
7 Sources, 3h ago, first seen 3h ago

TLDR

On October 8, Economic Times reported that the Sensex had slumped 1,000 points. An earlier report had it down around 400 points at 10:15 a.m. The publisher linked pressure on Indian stocks to the RBI’s calibrated tightening stance, continued foreign institutional investor selling and rising oil prices. IT shares gained despite broader losses.

Combined views

59.4K

7 Sources, first seen 3h ago

2.2K likes144 comments74 saves422 reposts

Combined views

59.4K

7 Sources, first seen 3h ago

2.2K likes144 comments74 saves422 reposts

Sentiment

Positive——Negative

Summary

Not enough discussion yet.

No sentiment analysis available yet.

Sentiment

Positive——Negative

Summary

Not enough discussion yet.

No sentiment analysis available yet.

7 Sources

TRADE WIZARD@Cash_TraderrAfter Stock Market Crash FM Nirma Sitharaman Assures Investors You'll, Get Your Principal Amount Back by 2047 😭😭3h
Pracool@thehighmonkThe Opposition is protesting on the streets, the stock market is crashing, inflation is at its peak and the rupee is touching a new record low while the PM and his cheerleaders are busy celebrating his 25 years in office, flaunting botched GDP figures & talking about 2047.3h
Kunal Bothra@kbbothraNifty 50 weekly closes since August: 🔴🔴🔴🔴🔴🔴🔴🔴🔴 9 in a row. First time since 2001. 9 weeks. 9 red candles. And 2001 was a 20% drawdown. This one is ~9%. No panic, no crash. Just relentless selling, week after week. The market isn't falling fast. It's refusing to bounce. Everyone was a long-term investor in July. 9 red weeks later, let's see who still is. According to you, What's next?2h
Economic Times@EconomicTimesSensex slumps 1,000 pts as RBI, FIIs & oil add salt to deep wounds https://tinyl.co/58HW1h
Ravisutanjani@Ravisutanjani🚨 Govt is Reportedly Considering Proposal To Defer UPI Merchant Fees (MDR) Till Jan 2027 Highly Because of Upcoming Festival Season Multiple Industry Bodies Requested NPCI Paytm, Mobikwik, Pine Labs Stocks are Down This Shall Give Relief To Many Merchants1h
Sonia Shenoy@_soniashenoynifty now down 330 points ! It seems like a vicious cycle now, FII outflows and higher oil prices leading to a fall in the rupee and the fall in the rupee causing more FIIs to withdraw money yesterdays sell number is not small, over 6000cr we all know the main reasons for FII selling India , not enough participation in global growing themes like AI etc but the rupee fall is a fresh trigger for sure with the rupee now at 97 to the dollar, India is now even more unattractive as an investment destination to foreign investors and remember the rupee is close to all time lows despite the RBI spending 50 bln$ of its reserves to defend it the other big problem is taxation, which should be addressed to allay concerns for foreign investors what really matters end of the day is post tax post currency returns FIIs have to pay long term capital gains tax, transaction tax , in some cases dividend withholding tax while if you compare it to investing in US and China, a foreign portfolio investor pays zero tax thats a huge difference its a perfect storm so if india wants to attract real global capital into the country , it has to fix a lot of issues, the rupee , taxation , innovation and growth.1h
Patterns@Patterns0001BREAKING: Indian stock market loses ₹9 lakh cr. so far Today1h
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    7 Sources

    TRADE WIZARD@Cash_TraderrAfter Stock Market Crash FM Nirma Sitharaman Assures Investors You'll, Get Your Principal Amount Back by 2047 😭😭3h
    Pracool@thehighmonkThe Opposition is protesting on the streets, the stock market is crashing, inflation is at its peak and the rupee is touching a new record low while the PM and his cheerleaders are busy celebrating his 25 years in office, flaunting botched GDP figures & talking about 2047.3h
    Kunal Bothra@kbbothraNifty 50 weekly closes since August: 🔴🔴🔴🔴🔴🔴🔴🔴🔴 9 in a row. First time since 2001. 9 weeks. 9 red candles. And 2001 was a 20% drawdown. This one is ~9%. No panic, no crash. Just relentless selling, week after week. The market isn't falling fast. It's refusing to bounce. Everyone was a long-term investor in July. 9 red weeks later, let's see who still is. According to you, What's next?2h
    Economic Times@EconomicTimesSensex slumps 1,000 pts as RBI, FIIs & oil add salt to deep wounds https://tinyl.co/58HW1h
    Ravisutanjani@Ravisutanjani🚨 Govt is Reportedly Considering Proposal To Defer UPI Merchant Fees (MDR) Till Jan 2027 Highly Because of Upcoming Festival Season Multiple Industry Bodies Requested NPCI Paytm, Mobikwik, Pine Labs Stocks are Down This Shall Give Relief To Many Merchants1h
    Sonia Shenoy@_soniashenoynifty now down 330 points ! It seems like a vicious cycle now, FII outflows and higher oil prices leading to a fall in the rupee and the fall in the rupee causing more FIIs to withdraw money yesterdays sell number is not small, over 6000cr we all know the main reasons for FII selling India , not enough participation in global growing themes like AI etc but the rupee fall is a fresh trigger for sure with the rupee now at 97 to the dollar, India is now even more unattractive as an investment destination to foreign investors and remember the rupee is close to all time lows despite the RBI spending 50 bln$ of its reserves to defend it the other big problem is taxation, which should be addressed to allay concerns for foreign investors what really matters end of the day is post tax post currency returns FIIs have to pay long term capital gains tax, transaction tax , in some cases dividend withholding tax while if you compare it to investing in US and China, a foreign portfolio investor pays zero tax thats a huge difference its a perfect storm so if india wants to attract real global capital into the country , it has to fix a lot of issues, the rupee , taxation , innovation and growth.1h
    Patterns@Patterns0001BREAKING: Indian stock market loses ₹9 lakh cr. so far Today1h
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