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​​​Since the sell-off began in the last week of September, key indices have fallen 10-11% led by one of the highest-ever selling sprees by foreigners in this period. The study showed that outflows are about 0.2% of the average market capitalisation in this period.

The currency hit a low of 85.84/$1 during the day, with equity indices across the market capitalisation spectrum falling more than 1%. Provisional data showed that overseas funds sold stock worth ₹2,575 crore on Monday.

​​The regulatory crackdown follows a sharp rise in commission expenses after the removal of product-specific commission caps in April 2023. Life insurers reported a 22% increase in commission payouts, while general insurers saw their expenses double in FY24, according to the Irdai annual report.

​Equities rose in Japan, South Korea and Sydney, with futures pointing to a soft open in Hong Kong. US contracts edged higher in Asia after the S&P 500 rose 0.6% Monday. The Nasdaq 100 added 1.1%. Nvidia Corp. hit a record high ahead of a speech by chief executive Jensen Huang.

The Nifty faced selling pressure, closing below 23,700 and breaching the 200-day EMA, signalling a bearish trend. Failure to hold current levels could see support at 23,270 and 23,000. A breakout above 24,000 is crucial to restore bullish momentum, said Mandar Bhojane of Choice Broking.

Despite the Sensex falling 1258 points, 9 stocks from the BSE Consumer Discretionary Index hit 52-week highs. This indicates strong performance within the sector, despite the broader market weakness.

Brokerage firm ICICI Securities on Monday settled a case pertaining to the alleged violation of stock brokers rules with capital markets regulator Sebi, after paying Rs 40.2 lakh towards settlement charges.

Quadrant Future Tek plans to raise Rs 290 crore through an IPO to repay debt, fund capex, and support working capital. The company is expanding into EVs, renewable energy, and railways while facing margin challenges from its growing signaling business.

SEBI revised settlement norms for brokerage accounts of inactive clients, aligning them with the monthly/quarterly settlement cycle. The changes simplify processes, reduce inefficiencies, and address broker concerns while maintaining investor protection and facilitating ease of business operations.