Indian Markets Slide as Sensex Drops 1.02% and Nifty Falls 0.86%

On September 6, 2024, Indian equity markets faced a downturn, with the Sensex plunging 835.78 points (1.02%) to 81,365.38 and the Nifty 50 dropping 217.25 points (0.86%) to 24,927.85 by 10:12 am. Global uncertainties and mixed signals from Asian markets led to a weaker start. Concerns about a slowing U.S. economy overshadowed optimism over cooling inflation, impacting investor sentiment. FIIs sold ₹688 crore worth of equities, while DIIs bought ₹2,970 crore. Sectoral movements revealed gains in consumer and media stocks, while realty and auto sectors experienced profit booking.

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