
Stock market crash today: Sensex, Nifty slump in early trade dragged down by metal stocks, foreign fund outflows
The HinduBenchmark indices Sensex and Nifty slumped in early trade on Friday dragged down by metal stocks, foreign fund outflows and weak global cues. Among the 30-share Sensex blue-chip pack, Tata Steel, JSW Steel, IndusInd Bank, Axis Bank, Mahindra & Mahindra, Larsen & Toubro, State Bank of India and Reliance Industries were the biggest laggards. Retail inflation declined in November to 5.48 per cent and came within the Reserve Bank's comfort zone mainly due to easing food prices, creating headroom for a rate cut at the central bank's rate-setting panel meeting under new Governor Sanjay Malhotra in February. India's industrial production growth slowed to 3.5% year-on-year in October 2024, mainly due to poor performance of mining, power and manufacturing, as per official data released on Thursday.
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