Equity benchmark indices Sensex and Nifty plunged about 1.5 per cent on Friday, taking their downtrend to the fifth straight session, due to risk aversion in the global markets after the hawkish stance of the US Federal Reserve.
An across-the-board sell-off in equity markets amid unabated selling by foreign investors added to the pressure, traders said.
The 30-share BSE benchmark tumbled 1,176.46 points or 1.49 per cent to sink below the 79,000 mark to end at 78,041.59. During the day, it slumped 1,343.46 points or 1.69 per cent to 77,874.59.
The NSE Nifty tanked 364.20 points or 1.52 per cent to 23,587.50.
As many as 2,950 stocks declined, while 1,045 advanced and 90 remained unchanged on the BSE.
Investors became poorer by Rs 18.43 lakh crore in five days of the market crash as the market capitalisation of BSE-listed firms eroded by Rs 18,43,121.27 crore to Rs 4,40,99,217.32 crore (USD 5.18 trillion).
Esta historia es de la edición December 21, 2024 de The Business Guardian.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 21, 2024 de The Business Guardian.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
'Reliance to build AI infrastructure in Jamnagar
“AI infrastructure that we have commenced working in Jamnagar will not only make Jamnagar a leader in AI infrastructure, but will also place it amongst the top rank in the world.”
RBI flags gold loan boom, tightens norms to curb irregularities
The Gold loans in the country have registered strong growth recently, says a report by the Reserve Bank of India.
Pre-Budget Talks Begin Amid Economic Slowdown
Sitharaman held her seventh pre-Budget consultation with financial
Oil, gas demand to remain strong in FY26
India's oil and gas demand is likely to remain strong in the next financial year even as weak global demand will drive down refining margins, India Ratings and Research (Ind-Ra) said on Thursday.
Manufacturing PMI at 56.4, Strong Job Growth
India's manufacturing sector showcased continued resilience in December 2024, with employment rising for the tenth consecutive month and reaching its fastest pace of job creation in four months, according to HSBC India Manufacturing Purchasing Managers' Index (PMI).
PM Modi Lauds ONDC's Role in Empowering Small Businesses
Prime Minister Narendra Modi has praised the transformative impact of the Open Network for Digital Commerce (ONDC) on India's e-commerce landscape.
India Holds 3.9% of Global Textile Trade
India is now the 6th largest exporter of textiles and apparel in the world, with a global trade share of 3.9 per cent.
IIT Bombay Develops Bacteria to Consume Toxic Pollutants in Soil
Indian Institute of Technology (IIT) Bombay researchers have identified bacteria that can consume toxic pollutants in the soil and produce helpful nutrients as a byproduct, as per the official release.
Fabtech Technologies Cleanrooms Limited IPO Opens
Our IPO marks a transformative phase in the Company's growth story. With over 28 years of engineering expertise as part of the Fabtech Group and a strong presence in the pharmaceutical, healthcare and biotech sectors, we are committed to delivering innovative cleanroom solutions.
Emerald Finance Finalizes Allotment of 10 Lakh Equity Shares
Emerald Finance Limited (BSE: EMERALD), has successfully completed the allotment of 10,00,000 equity shares at Rs100 per share, including a premium of Rs90 per share, as part of its preferential issue.
