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1h ago

Indian Stocks Extend Losses Before Fed Call as IndiGo Ordered to Trim Flights and Deal Flow Quickens

Fed-rate uncertainty and a soft rupee pulled risk lower as corporate actions took center stage.

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Silver was again the star in commodities, having cleared the $60 barrier to reach a record $61.02 per ounce, while gold was quieter at $4,212 an ounce.
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Overview

  • Sensex fell 0.51% to 84,666.28 and Nifty dropped 0.47% to 25,839.65, with profit-taking and foreign selling capping a second straight down day.
  • IndiGo said operations have normalised to over 1,800 daily flights, yet the government directed a 10% capacity cut after last week’s cancellations.
  • Moody’s lowered IndiGo’s human-capital issuer score to 4 from 3, citing hiring shortfalls and preparedness issues.
  • Swiggy opened a QIP of up to Rs 10,000 crore at a floor price of Rs 390.51 per share as primary issuance activity gathered pace.
  • ICICI Bank agreed to buy a further 2% of ICICI Prudential AMC for Rs 2,140 crore, while Siemens signed a Rs 2,200 crore slump sale to Innomotics and L&T moved to transfer its realty business to a subsidiary; listings for Meesho, Aequs and Vidya Wires were slated for today.