{"id":49703,"date":"2024-07-25T04:20:33","date_gmt":"2024-07-25T04:20:33","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/07\/25\/sensex-nifty-follow-global-peers-lower-axis-bank-slumps-6\/"},"modified":"2024-07-25T04:20:33","modified_gmt":"2024-07-25T04:20:33","slug":"sensex-nifty-follow-global-peers-lower-axis-bank-slumps-6","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/07\/25\/sensex-nifty-follow-global-peers-lower-axis-bank-slumps-6\/","title":{"rendered":"Sensex, Nifty Follow Global Peers Lower; Axis Bank Slumps 6%"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares opened lower on Thursday, with weak global cues and renewed concerns over an unexpected increase in short and long-term capital gains taxes in the Budget weighing on sentiment. <\/p>\n<p>The benchmark S&amp;P\/BSE Sensex was down 400 points, or half a percent, at 79,747 in early trade while the broader NSE Nifty index slid 139 points, or 0.6 percent, at 24,274.<\/p>\n<p>Axis Bank slumped 6 percent on posting muted growth in quarterly net profit. <\/p>\n<p>Jindal Steel and Power tumbled 3 percent as it reported a near-21 percent year-on-year fall in its Apr-Jun consolidated net profit as a result of higher expenses and weak prices.<\/p>\n<p>RBL Bank declined 2.4 percent after as much as 7.95 percent stake in the bank was sold through a block deal on the exchanges.<\/p>\n<p>Tech Mahindra and Canara Bank fell around 1 percent ahead of their earnings results.<\/p>\n<p>Reliance Industries dropped nearly 1 percent after it obtained approval from the United States to resume oil imports from Venezuela.<\/p>\n<p>Metal stocks such as Tata Steel and Hindalco fell around 2 percent on concerns about slowing Chinese growth. <\/p>\n<p>Larsen &amp; Toubro rallied 2.3 percent on reporting a 12 percent rise in Q1 net profit.<\/p>\n<p>ONGC, Tata Motors and SBI Life rose 1-3 percent. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Follow Global Peers Lower; Axis Bank Slumps 6%<\/a><br \/>\n<br \/>2024-07-25 04:20:33<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares opened lower on Thursday, with weak global cues and renewed concerns over an unexpected increase in short and long-term capital gains taxes in the Budget weighing on sentiment&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":49704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":{"0":"post-49703","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-asian-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=49703"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49703\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/49704"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=49703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=49703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=49703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}