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Nifty closes at 23,635.10 near 3-month low
The Indian Express··8 Sept
The Nifty 50 closed at 23,635.10 on Tuesday, down 144.05 points or 0.6 percent. The Sensex fell 0.7 percent to 75,577.58, near a three-month low. Analysts cited crude near $100 a barrel and IPO demand draining secondary-market liquidity. The rupee ended at 94.81 against the dollar. At least 34 firms seek about Rs 45,000 crore before month-end approvals lapse.
Prism
What It Means For You
- Listed equity investors saw benchmark indices fall to near three-month lows on Tuesday.
- Primary-market IPO calendars may continue to divert liquidity from secondary trading.
- Importers watch crude near $100 a barrel and the rupee at 94.81 per dollar.
What's Happening
- Nifty fell 144.05 points to 23,635.10; Sensex closed at 75,577.58.
- Equinomics founder G Chokkalingam linked flows to crude risk and IPO demand.
- At least 12 issues this week aim to raise around Rs 8,000 crore.
What Moved The Tape
- Benchmarks had risen about 4.2 percent into August 3, then fallen 4.6 percent since.
- Banking, financial services, and oil and gas lost up to 1 percent on Tuesday.
- Healthcare, pharmaceuticals and auto closed higher despite the index drop.
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