D-Street indices hit 5-month low as FPI sale season continues
The Sensex and Nifty have dropped 10% from peaks on September 27, resulting in the indices entering the technical corrective phase. When an index falls 10% from its peak in a short span, it’s considered a correction. A 20% decline makes it a bear phase.
CFM ARC wins bid for defunct Carnival Cinemas
This follows CFM offering ₹78 crore to take over Carnival’s ₹1,290 crore debt from rival JC Flowers ARC, which did not get any challenging bid by the October 31 deadline, people familiar with the matter said.