Shares of Indian electronics manufacturing firms Dixon Technologies, Kaynes Technology, and Amber Enterprises plummeted, led by an 8% decline in Dixon Technologies, biggest in 10 weeks, following a 2% drop in the Nasdaq Composite index due to concerns over stubborn inflation and interest rate cuts. Aside from that, shares of Kaynes Technology and Amber Enterprises fell around 4 percent each.
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📌 Benchmark indices Sensex and Nifty declined sharply on January 8 due to investor caution ahead of the December quarter earnings season, persistent foreign fund outflows, and weak global market trends, with the📌 Sensex down 550.98 points or 0.70 percent at 77,648.13, and the📌 Nifty down 158.50 points or 0.67 percent at 23,549.40.
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📌Ola Electric Mobility's stock fell 1.34% to Rs 75.16 after📌 SEBI issued an administrative warning for disclosure regulation infractions, citing non-compliance with regulations 4 and 30. Ola Electric had announced a fourfold expansion of its company-owned stores by December 20, 2024, but Chairman Bhavish Aggarwal had made the announcement earlier than the official notification.
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