Nifty Capital Market index falls 2% on brokerage charges
after close1 source ↓written by the desknot a recommendation
- decline
- 2.1%
- points
- 5,142.95
- points
- 16 Sept 2023
Capital market stocks, including BSE, MCX, and CDSL, contributed to a 2.1% decline in the Nifty Capital Market index, reaching an intraday low of 5,142.95 points on 16 Sept 2023. This drop was driven by new MDR charges on UPI payments and weak investor sentiment following recent NPCI guidelines. 📉
Key triggers include remarks from the NSE CEO regarding UPI transaction volumes and their short-term impact on the sector. Investors are closely monitoring these developments as they may influence trading strategies moving forward.
Not investment advice. For informational purposes only.