Indices fall over 1% ahead of US Jobs data
The Morning Standard|September 07, 2024
Profit booking at high levels took place due to Sebi's deadline over foreign institutional investors disclosure norm
ARSHAD KHAN
Indices fall over 1% ahead of US Jobs data

FOLLOWING three weeks of a bull run, domestic equity market corrected sharply on Friday with the benchmark indices BSE Sensex and NSE Nifty crashing more than 1% each.

BSE Sensex closed 1,017 points or 1.24% lower at 81,183 levels while the Nifty shut shop 293 points or 1.17% lower at 24,852 levels. Investors lost a whopping 5.31 lakh crore as the market capitalisation came down to 460.37 lakh crore on Friday against 465.68 lakh crore in the previous session.

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