Moneycontrol.com·1 min read·medium
Sensex settles 400 pts lower from day's high, Nifty ends below 24,100: Key reasons behind sharp market reversal
✦AI Summary
The Indian stock market experienced a sharp reversal on July 16, with the Sensex and Nifty indices closing lower due to profit booking and weak global market sentiment. Additionally, Newgen Software reported a significant quarterly profit decline.
Profit booking, weak global cues weighed on market sentiment on July 16 Newgen Software Q1 results: Net profit falls 41% QoQ, shares decline 3% Sensex and Nifty pared gains on July 16. Profit booking and weak global cues cited. Nifty needs to cross 2... [276 chars]
economybusiness
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