The International Data Corporation (IDC) on Monday said the wearable device market shrank for the second straight quarter as Indians bought fewer smartwatches, earphones and other gadgets.
At close, the Sensex was down 820.97 points or 1.03% at 78,675.18, and the Nifty was down 257.80 points or 1.07% at 23,883.50.
At close, the Sensex was up 9.83 points or 0.01 per cent at 79,496.15, and the Nifty was down 6.90 points or 0.03 per cent at 24,141.30.
The market outlook for next week will be guided by key macroeconomic data and the last round of Q2 earnings.
Last week, nine of the top 10 most valued firms together lost a whopping Rs 2,09,952.26 crore from market valuation. Hindustan Unilever and Reliance Industries Limited took the biggest hit.
The operating profit margin for India Inc. is expected to remain steady at 15-18 per cent in the first quarter (April-June period) in the ongoing fiscal year (FY25), a report showed on Monday.
The dramatic fluctuations witnessed in the stock market on counting day, underscore the delicate interplay between politics and investor sentiment.
As events turned out, Thursday was the key pivot for the markets as they gained a massive 1,197 points on BSESENSEX and 370 points on NIFTY on Thursday. In the process, they made new lifetime highs as well.
It is expecting policy stability and possible reforms, which could boost Indian markets.
This owes it to uncertainties about the outcome of the general elections and attractive valuations of Chinese markets.
