Indian Stock Market Faces Steep Decline Amid Economic Pressures

• The Indian stock market saw its steepest decline of 2024 due to disappointing quarterly earnings, rising inflation, and foreign investors shifting focus to China.
• Nifty 50 fell to its lowest level since August, closing at 24,854, down nearly 0.50%; Sensex declined around 0.20% to 81,224.75.
• Retail inflation surged to 5.49% in September, up from 3.65% in August, exceeding estimates.
• Foreign fund outflows and disappointing earnings weighed heavily on market sentiment.
• Investors will monitor Q2 FY25 earnings, geopolitical tensions, and global market trends in the coming week.

Source: Abp News, Mint