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Indian stock market index
The NIFTY 50 is an Indian stock market index that represents the float-weighted average of 50 of the largest Indian companies listed on the National Stock Exchange (NSE). Nifty 50 is owned and managed by NSE Indices, which is a wholly owned subsidiary of the NSE. The Nifty 50 index was launched on 22 April 1996 with a base date of 3 November 1995 and with 1,000 as its base value.
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FIIs have sold shares worth ₹25,662 crore in September, reversing the net buying of ₹49,831 crore recorded over the previous two months.
Stock market crash: Sensex and Nifty fell for a fourth session on 1 October. See 5 reasons including FII selling, high bond yields, a weak rupee and costly crude oil.
Dr Reddys Laboratories Ltd is quoting at Rs 1243, up 1.8% on the day as on 12:49 IST on the NSE. The stock is up 1.58% in last one year as compared to a 7.89% slide in NIFTY and a 25.3% slide in the Nifty Pharma index.