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.
Denne historien er fra December 21, 2024-utgaven av The New Indian Express Mysuru.
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Denne historien er fra December 21, 2024-utgaven av The New Indian Express Mysuru.
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
I Know How to Play Real Characters
Jennifer Lopez speaks to Katie Ellis on how Unstoppable made her realise that she can overcome anything in life
Of Our Non-violent Ancestors
Pattanaik provides a comprehensive insight into the mysterious world of the Harappan civilisation
The Corrosive Power of Pride
Pride fosters a sense of superiority that harms relationships, distorts the mind, and impedes personal and spiritual growth
Market on the Sands
The Rathgama Wella Fish Market
Market on the Sands
The Rathgama Wella Fish Market
Stop Inane and Diversionary Debates, and Focus on What Really Matters
Acute Angle
Stepping Across the Worry Lines
The Raghu Dixit Project launches a new album Shakkar as a vernacular statement about India and diversity
Untangled Threads He Weaves
An embroiderer who grew up poor is a celebrity in demand with collectors and artists
Every Woman's Brushstrokes
A beautiful blue and pink-hued sky surrounded by lush greenery. Within this is a tree with specks of orange and yellow, besides which is a bed where a woman is sleeping her flowing tresses falling into the foliage.
2032 Olympics: Pause & Effect
Since the time it was announced as host city for 2032 Olympics, the road so far has been far from ideal for Brisbane and Queensland. Uncertainty over venues and spiralling costs have led to some confusion. With the 100-day review nearing completion, Gomesh S finds out how the city is gearing up for 2032 Summer Games...
