After opening at 78,319.45 (which was also the day's high for the index), up 120 points, the Sensex hit an intraday low of 77,486.79, down 832.66 points or 1% from the day's high during the first half of the session.
Subsequently, buying in oil and gas, IT and energy shares helped the index partially recover its losses. It ended the day at 78,148.49, down 50.62 points or 0.06%. The Nifty closed at 23,688.95, down 18.95 points or 0.08%.
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In the grey zone
⢠Meta's fact-check roll-back can upend contextual ads
Cloud, GCCs key digital economy drivers: Meity report
THE CLOUD MARKET and global capability centres (GCCs) are among the fast-growing segments of India's digital economy which is expected to drive a fifth of national GDP by 2030, a report by Meity has said.
Call Grows for Action on AI, Reforms
LEADERS FROM VARIOUS countries called for action on artificial intelligence and reforms at the WEF meeting.
80% firms struggle to find talent: Survey
Shortage Across Industries
Rising competition from global banks may lower pricing on loans: Barclays
A RENEWED PUSH by Japan's major banks and other global lenders in India is driving down loan prices with the new players having more appetite for riskier credit, according to the country head for Barclays Plc.
Special fund for MFIs...
The combined loan outstanding of the MFIs stood at around â¹1.7 lakh crore as on March 31, 2024. And 60% of this amount has been lent by large MFIs
Kotak Bank Acquires StanChart's â¹3,330-Cr Personal Loan Portfolio
KOTAK MAHINDRA BANK on Thursday said it has completed the acquisition of the â¹3,300-crore personal loan book of Standard Chartered Bank India following regulatory approvals.
Grade A warehousing mkt to hit 700 mn sq ft
THE LOGISTICS AND industrial real estate sector saw major growth, with Grade A warehousing in eight cities increasing from 88 million sq. ft in 2019 to 238 million sq ft in 2024 (22% CAGR).
Invest in stocks: China to insurers
Stocks Jump After Briefing
OpenAI to Indian court: Can't delete ChatGPT training data
'BREACH OF US LEGAL OBLIGATIONS'