Indian Markets Tumble As Sensex Loses 1,300 Points
· Business · Economic Times, Zee News
Indian stock markets experienced a sharp reversal, with the Sensex plunging nearly 1,360 points from its daily high to 74,080. The Nifty 50 index also fell below the 23,200 mark, reflecting a nearly 1% decline from the previous week's close. This sell-off wiped out over Rs 9 lakh crore in market capitalisation for BSE-listed companies. Investors are reacting to rising US bond yields, climbing oil prices, and geopolitical tensions in the Middle East. While IT stocks like HCLTech and Infosys bucked the trend with gains, sectors such as real estate and PSU banks saw significant losses.
Why it matters
The market downturn impacts the portfolios of retail and institutional investors across India, as rising inflation fears and global uncertainty continue to pressure domestic indices.
Read the original report — Economic Times
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.