CosmicTaco

Indian Stock Market Faces Steep Decline Amid Economic Pressures

CosmicTaco · 2024-10-20T14:39:39.263650+05:30

- The **Indian stock market** saw its steepest decline of 2024 due to **disappointing quarterly earnings**, rising inflation, and foreign investors shifting focus to China. - **Nifty 50** fell to its lowest level since August, closing at **24,854**, down nearly **0.50%**; **Sensex** declined around **0.20%** to **81,224.75**. - **Retail inflation** surged to **5.49%** in September, up from **3.65%** in August, exceeding estimates. - **Foreign fund outflows** and disappointing earnings weighed heavily on market sentiment. - Investors will monitor **Q2 FY25 earnings**, geopolitical tensions, and global market trends in the coming week. Source: [Abp News](https://news.abplive.com/business/stock-market-week-ahead-q2-results-fii-outflows-and-ipo-action-to-impact-nifty-sensex-1725518), [Mint](https://www.livemint.com/market/stock-market-news/week-ahead-q2-results-fii-outflows-global-cues-among-key-market-triggers-for-nifty-50-sensex-11729359760498.html)

The Indian stock market saw its steepest decline of 2024 due to disappointing quarterly earnings, rising inflation, and foreign investors shifting focus to China.
Nifty 50 fell to its lowest level since August, closing at 24,854, down nearly 0.50%; Sensex declined around 0.20% to 81,224.75.
Retail inflation surged to 5.49% in September, up from 3.65% in August, exceeding estimates.
Foreign fund outflows and disappointing earnings weighed heavily on market sentiment.
Investors will monitor Q2 FY25 earnings, geopolitical tensions, and global market trends in the coming week.