Stock market today: Nifty 50, Sensex extend slide to 2nd day; mid and smallcaps face heavy selling pressure | Stock Market News
Indian stock markets extended their slide for the second consecutive day on Friday, November 08, as sharp selloffs in major large-cap stocks, including Reliance Industries, ICICI Bank, State Bank of India, and Trent, weighed heavily on the frontline indices, causing them to end the session in the red.
The 25-basis point rate cut by the US Federal Reserve on Thursday failed to provide relief to the overheated Indian market, as investor sentiment remained subdued amid concerns over softening Q2 earnings.
