Mkts see worst week in 30 months
The New Indian Express Vellore|December 21, 2024
Sell-off triggered by Fed's cautious stance on rate cuts, investors lose over ₹18L cr this week
ARSHAD KHAN @ New Delhi

EXPECTATIONS of a festive rally on Dalal Street have been dashed, as the US Federal Reserve's hawkish commentary on future rate cuts has spooked markets. India's equity benchmark indices - the BSE Sensex and NSE Nifty - recorded their steepest weekly declines in over two years, plummeting nearly 5% each.

This week's crash erased almost all the recovery seen between November 21 and December 13, following two months of relentless selling. The Nifty fell by 4.5% (1,150 points) over the week, while the Sensex dropped 4.8% (3,933 points). On Friday, the Sensex closed 1,176.46 points (1.49%) lower at 78,041.59, and the Nifty fell 364.2 points (1.52%) to 23,587.50.

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Esta historia es de la edición December 21, 2024 de The New Indian Express Vellore.

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.

MÁS HISTORIAS DE THE NEW INDIAN EXPRESS VELLOREVer todo
The New Indian Express Vellore

Mandhana climbs another mountain as India beat West Indies

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The New Indian Express Vellore

IS ALGORITHMIC TRADING FOR YOU?

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The New Indian Express Vellore

Women-only flight lands in Iran's Mashhad

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The New Indian Express Vellore

Ukrainian drones strike Russian fuel depot

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The New Indian Express Vellore

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The New Indian Express Vellore

2 held for ₹33cr transaction fraud in U'khand

TWO people were arrested for their alleged involvement in transaction fraud after a staggering Rs 33 crore was transacted within just two days in Rudrapur, located in the Udham Singh Nagar district.

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The New Indian Express Vellore

Tripura remained backward under Left rule, says Shah

UNION Home Minister Amit Shah on Sunday said that during the 2028 Assembly elections, he would present the \"report cards\" of both the BJP and CPI(M) rule in Tripura.

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The New Indian Express Vellore

Powercut adds to JK winter woes

Frequent loadshedding forces people to resort to traditional Kangris, bukharis, hamams

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The New Indian Express Vellore

Govt efforts, community role behind expanded green cover in Chhattisgarh

RESOLUTE efforts and aggressive result-driven approach on biodiversity protection and environmental-forest conservation evidently led to the remarkable increase in forest and tree cover in Chhattisgarh, as per the findings of the India State of Forest Report 2023.

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