On Friday, the Nifty gapped down and closed 293 points lower after hitting a new all-time high, ending at 24,717.70, a 1.2% decline. The Bank Nifty also underperformed, closing 214 points lower at 51,350.15, or 0.41% down.
India’s central bank is expected to cut its key policy rate by 0.25% in December to support slowing economic growth. A Reuters poll shows a
Prestige Estates Projects reported a 77.4% YoY decline in net profit due to tax changes, while revenue rose 3%. Shares closed at Rs 1,606.5, with
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