Indian markets extended losses for a second day, led by weakness in FMCG and auto stocks. The Sensex and Nifty fell by 0.25% and 0.24% respectively. Despite the decline, bullish momentum remains in the Nifty, although it’s nearing overbought territory. The index is consolidating near resistance and may see range-bound movement in the near term.
Suzlon Energy shares fall 4% as Nuvama, others slash target prices after Q2 margins disappoint. What lies ahead?
Suzlon Energy shares fell after the company reported a 69% year-on-year decline in Q2 FY27 net profit to Rs 394 crore, despite a 26% rise