Foreign investors divested shares worth 1.02 lakh crore in September quarter, with financial services firms, particularly NBFCs, experiencing significant stake reductions by foreign fund managers. Despite the selling pressure, some companies like Sona BLW Precision Forgings, Five-Star Business Finance, and Tata Communications saw their share prices rise. This occurred as Nifty and Nifty 500 indices registered declines of 3.5% and 3.
GQG Partners significantly boosted its stake in five Adani Group companies, including Adani Energy Solutions and Adani Enterprises, through substantial block deals totaling over 4,500 crore. The investment firm also expanded its portfolio with new positions in GMR Airports and other major Indian corporations like Bharti Airtel and State Bank of India.
Indian stock indices ended lower on Tuesday, breaking a six-day rally amid global market weakness. The Nifty closed down 103.4 points at 25,910.05, while the Sensex declined 277.93 points to 84,673.02. Despite the broader market dip, the Bank Nifty reached a new record high, signaling potential leadership for banking stocks in future index gains.
Chicago-based Oak Street Health is laying off 219 people early next year as its owner, CVS Health, restructures parts of the business and closes health centers across the country.
Roblox is stepping up its age verification system for users who want to chat with other players and implementing age-based chats so kids, teens and adults will only be able to communicate with people around their own age.
