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Economy

Indian Stock Markets Fall 0.72% Amid Brent Crude Near Five-Month High

Arjun PatelSource: thehindubusinessline.com
Updated 1d ago
Indian Stock Markets Fall 0.72% Amid Brent Crude Near Five-Month High
Indian Stock Markets Fall 0.72% Amid Brent Crude Near Five-Month HighSource: thehindubusinessline.com
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Indian stock markets plummeted 0.72% on Thursday, with the Sensex and Nifty 50 indices down 525.65 and 239.75 points respectively. The decline was led by metals and auto stocks, while information technology stocks rebounded. Brent crude trading near $114 per barrel remained a dominant risk for the session.

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Swiggy Instamart Losses Widen to ₹895 Crore in September Quarter

Swiggy’s quick-commerce platform Instamart reported a widening loss of ₹895 crore for the July-September quarter, despite a 34.8 percent jump in order value to ₹6,594 crore. In contrast, rival Blinkit posted a profit of ₹184 crore with more than triple the order value and a store network twice the size. To narrow this gap and boost profitability, Swiggy is shifting to an inventory-owning model and introducing private label brands.

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