D-STREET WITNESSED a rollercoaster ride on June 3 and 4. First, the markets tasted a huge high after exit polls predicted a decisive majority for the Bharatiya Janata Party (BJP) and its coalition, the National Democratic Alliance (NDA), in the General Elections. Then it came crashing down after the BJP fell short of a majority of 272 seats in the 543-member House, though the NDA made it past the halfway mark, winning nearly 300 seats.
As a result, the Street has turned cautious, and analysts believe the government could reassess some of its priorities.
On June 4, the market capitalisation of BSE-listed companies plunged ₹31 lakh crore as the Opposition Indian National Developmental Inclusive Alliance (INDIA) put up a better fight than projected.
Meanwhile, the benchmark BSE Sensex crashed 4,389 points, or 5.74%, to 72,079, witnessing its biggest single-day fall since March 23, 2020, when the index lost more than 13% after the outbreak of the Covid-19 pandemic. Likewise, the NSE Nifty index plummeted 1,379.40 points, or 5.93%, to 21,884.50. Both the indices recovered more than 3% on June 5.
Denne historien er fra June 23, 2024-utgaven av Business Today India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra June 23, 2024-utgaven av Business Today India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
The EV Craze
The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly
The Storage Boom
Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?
India Beckons
Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before
The Pearls of The Sea
Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it
66.Brand persona should define the core"
I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.
Unwind in Style
Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury
A Lifelong Affair with Inspiration
In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art
Make it Bubbly
Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles
Palatial Splendour
Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers
Of Beaches and Cream
GianChand Single Malt Whisky