Market falls for fifth straight session to hit 5-month low on rate hike concerns
The New Indian Express|March 15, 2023
THERE was no respite for investors as equity benchmarks Sensex and Nifty50 declined for the fifth trading session in a row on Tuesday to hit five-month low driven by concerns over interest rate hikes and the fallout of failure of two USbased banks.
Market falls for fifth straight session to hit 5-month low on rate hike concerns

BSE Sensex fell 337.66 points or 0.58% to settle at 57,900.19. During the session, it touched a high of 58,490.98 and a low of 57,721.16. The broader NSE Nifty declined 111 points or 0.65% to end at 17,043.30, with 38 of its scrips ending in the red. Sensex has plunged 2,447 points or 4.1% while Nifty tanked 711 points or 4.6% in the four days to Tuesday. Investors have lost ₹9.8 lakh crore in wealth in the last four days as the market capitalisation of BSE-listed companies declined to ₹256.4 lakh crore from ₹266.2 lakh crore, according to provisional exchange data.

This story is from the March 15, 2023 edition of The New Indian Express.

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This story is from the March 15, 2023 edition of The New Indian Express.

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