{"id":112210,"date":"2023-10-19T10:57:44","date_gmt":"2023-10-19T05:27:44","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112210"},"modified":"2023-10-19T10:57:56","modified_gmt":"2023-10-19T05:27:56","slug":"markets-drop-for-the-second-day-in-a-row-due-to-negative-global-trends","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/markets-drop-for-the-second-day-in-a-row-due-to-negative-global-trends\/","title":{"rendered":"Markets drop for the second day in a row due to negative global trends"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-443223541\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>On Thursday Equity benchmark indices dropped in early trade, falling for the second day running, following weak trends in global markets and fresh foreign fund outflows.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-804859585\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Disappointing earnings from IT services company Wipro also dragged the benchmarks lower.<\/p><p>The Sensex dropped 490.44 points to 65,386.58. The Nifty dropped 137.5 points to 19,533.60.<\/p><p>Among the Sensex companies, Wipro fell nearly 4 per cent after the IT services firm reported an almost flat consolidated net profit of Rs 2,667.3 crore for the September quarter, trailing street expectations, and forecasting a 3.5 per cent drop in revenue in the current quarter due to a weak global economic outlook and an uncertain business environment.<\/p><div class=\"trade-content_5\" id=\"trade-2176461905\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Tata Steel, JSW Steel, Power Grid, Bajaj Finance, Tata Motors, Bajaj Finserv and Mahindra &amp; Mahindra were among the other major laggards.<\/p><p>The gainers are IndusInd Bank and ITC.<\/p><p>In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the negative territory.<\/p><p>On Wednesday, The US markets closed lower.<\/p><p>Global oil benchmark Brent crude dropped 0.52 per cent to USD 91.02 a barrel.<\/p><p>According to the exchange data, Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,831.84 crore on Wednesday.<\/p><div class=\"trade-content-10\" id=\"trade-1428667317\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>&#8220;Investors face various pressing concerns, including divestment by foreign institutional investors, the Israel-Palestine conflict, lacklustre corporate performance, rising US treasury yields, and an upcoming speech by Jerome Powell (Fed Chair),&#8221; Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, said.<\/p><p>On Wednesday, the BSE benchmark had plunged 551.07 points or 0.83 per cent to settle at 65,877.02 on Wednesday. The Nifty declined 140.40 points or 0.71 per cent to 19,671.10.&nbsp;<\/p><div class=\"trade-after-content\" id=\"trade-2277793029\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>On Thursday Equity benchmark indices dropped in early trade, falling for the second day running, following weak trends in global markets and fresh foreign fund outflows. Disappointing earnings from IT services company Wipro also dragged the benchmarks lower. The Sensex dropped 490.44 points to 65,386.58. The Nifty dropped 137.5 points to 19,533.60. Among the Sensex [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":25483,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-112210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Markets drop for the second day in a row due to negative global trends - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"On Thursday Equity benchmark indices dropped in early trade, falling for the second day running, following weak trends in global markets and fresh foreign fund outflows.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/markets-drop-for-the-second-day-in-a-row-due-to-negative-global-trends\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Markets drop for the second day in a row due to negative global trends\" \/>\n<meta property=\"og:description\" content=\"On Thursday Equity benchmark indices dropped in early trade, falling for the second day running, following weak trends in global markets and fresh foreign fund outflows.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/markets-drop-for-the-second-day-in-a-row-due-to-negative-global-trends\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-19T05:27:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-19T05:27:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Index-3-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/markets-drop-for-the-second-day-in-a-row-due-to-negative-global-trends\/\",\"url\":\"https:\/\/tradebrains.in\/features\/markets-drop-for-the-second-day-in-a-row-due-to-negative-global-trends\/\",\"name\":\"Markets drop for the second day in a row due to negative global trends - 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