Nifty 50 Falls 0.36% as Global Downturn Hits Indian Markets
· Business · LiveMint, Moneycontrol, Economic Times
The Nifty 50 index closed 0.36% lower at 24,165 on August 24, tracking weak global markets amid rising bond yields and Middle East tensions. The S&P BSE Sensex dropped 0.35% to 77,270, with financial, auto, and FMCG stocks leading the decline. BLS International fell 10.5% after media reports alleged visa fraud, while Schneider Electric and Gabriel India extended losses for the fourth consecutive session. Crude oil prices retreated as the US prepared new sanctions on Iran, adding to economic uncertainties.
Why it matters
The market downturn affects investor portfolios and reflects broader economic risks, including global inflation and geopolitical tensions that could impact India's trade and energy costs.
Read the original report — LiveMint
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