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Indices extend decline; SENSEX tanks 700 pts, NIFTY50 slips below 22,900; CreditAccess Grameen falls 18%
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2 min read | Updated on January 27, 2025, 10:49 IST
SUMMARY
At 10:56 AM, the S&P BSE SENSEX was trading at 75,527.19 levels, down 663.27 points, or 0.87% while the NSE's NIFTY50 index was trading at 22,885.70, down 206.50 points, or 0.89%.
The BSE MidCap index was trading at 41,491.91, down 1,223.72 points, or 2.86% | Image: Freepik
At 10:56 AM, the S&P BSE SENSEX was trading at 75,527.19 levels, down 663.27 points, or 0.87% while the NSE's NIFTY50 index was trading at 22,885.70, down 206.50 points, or 0.89%.
As many as 40 stocks on the NIFTY50 index were trading in the red while 10 were in the green.
Stocks in news
The company reported a 61% increase in its consolidated profit to ₹1,058.73 crore for the quarter under review.
Its net profit stood at ₹655.71 crore in the year-ago period.
The microfinance lender on Friday reported a net loss of ₹99.5 crore for the third quarter that ended December 31, 2024. The loss was due to early risk recognition, conservative provisioning, and accelerated write-offs, positioning the company for normalised growth and profitability in the coming quarters.
Broader Market
The BSE MidCap index was trading at 41,491.91, down 1,223.72 points, or 2.86%, while the BSE SmallCap index was trading at 48,006.72, down 2,100.79 points, or 4.19%.
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