Fears over fewer rate cuts in the US and a greenback gathering steam sent shockwaves over the Street on Monday, making investors poorer by more than ₹12 lakh crore overnight.
The carnage did not spare any corner of the market - While the Nifty and Sensex plunged 1.5% and 1.4% to close at seven-month lows of 23,085.95 and 76,330.01 points, the broader market fared worse, with Nifty's mid-cap and small-cap indices plunging 4% each to hit seven-month lows of 52390.4 and 16159.9 points.
The rupee wasn't spared either, slipping below the 86-mark for the first time. The local currency lost 0.7% or 56 paise—its single-biggest decline in two years—to close at a record low of 86.57 to the dollar.
Weak corporate earnings could make matters worse.
هذه القصة مأخوذة من طبعة January 14, 2025 من Hindustan Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة January 14, 2025 من Hindustan Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
155 FIRs lodged till Jan 13, over 6,300 held for MCC violations
Delhi Police on Tuesday said they seized over ₹1.02 crore cash, 57.55 kilograms of narcotic substances worth more than ₹12 crore, 37.39kg of silver, 105 illegal firearms and 78 cartridges between January 7, when the Model Code of Conduct (MCC) was invoked in the national capital for the assembly elections scheduled on February 5, and January 13, during which 155 FIRs were registered.
Congress Announces 3rd List of Candidates
Congress released its third list of candidates, naming 16 contestants for the upcoming Delhi Assembly elections, taking the total count of declared candidates to 63.
Haven't completed cleaning Yamuna because of political disturbances
In the run-up to the Delhi assembly elections, Delhi's environment, forests and general administration department minister Gopal Rai sat down with HT's Snehil Sinha to discuss various issues.
AAP Targets BJP For Not Naming Its CM Face For Polls
The Aam Aadmi Party (AAP) on Tuesday reiterated Bharatiya Janata Party (BJP) has not yet named a chief ministerial candidate ahead of the Delhi assembly elections.
Atishi Named in FIR Against PWD Officer for 'Car Misuse'
The Delhi Police on Tuesday lodged a first information report (FIR) against a Public Works Department (PWD) officer for allowing his vehicle to be used to transport election campaign material belonging to Delhi chief minister Atishi.
Tahir Hussain gets parole to file his nomination papers
The Delhi high court on Tuesday granted custody parole to former councillor Tahir Hussain in a 2020 murder case connected to the northeast Delhi riots, to file nominations for the upcoming Delhi assembly elections.
JD(U) Likely To Contest Polls From 2 Seats In Tie-Up With BJP
The Janata Dal-(United) or JD(U) is likely to contest two assembly seats in the upcoming Delhi assembly polls in alliance with the Bharatiya Janata Party (BJP), a senior party leader aware of the developments said.
Notating 1,300 gestures, one mudra, one rasa at a time
STARTING IN THE EARLY 1960S, VENU BEGAN TO CREATE NOTATIONS OF THE GESTURES AND POSTURES OF KATHAKALI
AAP faces 5 FIRS for posting AI videos of PM Modi, Shah
Five FIRs were lodged against the Aam Aadmi Party (AAP) in New Delhi on Monday—four of which were for uploading AI-generated videos and photos of Prime Minister Narendra Modi and Union Home Minister Amit Shah and other BJP leaders; and one, in which AAP chief Arvind Kejriwal has been named for making \"provocative statements\" against Purvanchalis.
HC asks CAG why it didn't release reports
CAG CITED RULES TO CONTEND THAT ITS AUDIT REPORTS COULD ONLY BE RELEASED PURSUANT TO BEING LAID BEFORE THE LEGISLATURE