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.
Bu hikaye The New Indian Express dergisinin December 21, 2024 sayısından alınmıştır.
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Bu hikaye The New Indian Express dergisinin December 21, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
REVEL IN THE HOLIDAY SEASON
Head to Accord Hotels & Resorts, or Kaldan Samudhra Palace to celebrate the festive season with your family
AN EXQUISITE BONFIRE 'BBQ NIGHTS'
FIRE up your weekends; give into sizzling smoky flavours of the new BBQ Nights at Nectar.
Celebration of cultures
As the holiday season envelops Chennai, the city transforms into a vibrant festive haven, blending its rich cultural heritage with the universal cheer of Christmas.
Festive season's unveiling at Savera Hotel
SAVERA Hotel's festive season celebrations begin with a delightful journey of artisanal creations, festive menus, and holiday cheer, crafted by our culinary experts.
'New election rule amendment gravest threat to democracy'
CHIEF MINISTER MK Stalin on Monday alleged that democracy is facing its gravest threat under the BJP-led union government as it has made a reckless amendment to Section 93(2)(a) of the Conduct of Election Rules of 1961 to \"kill transparency\" and appealed to all political parties to counter the \"assault on free and fair\" elections.
Dine at the finest
HERATON Grand Chennai Resort & Spa, Mahabalipuram invites you to immerse yourself in the festive spirit with an array of exceptional dining experiences, promising culinary delights, warm hospitality, and unforgettable moments by the Bay of Bengal.
SUSTAINABLE CELEBRATIONS AT HILTON
A sparkling Christmas tree, carols by the hotel team, and an array of snacks marked the festivities
A MAGICAL CHRISTMAS GALA AWAITS
STEP into the festive season with grandeur as the Ambica Empire Hotel unveils its Christmas celebrations for 2024!
'Artists are meant to face the suffering of the world'
Actor Andrew Garfield speaks about the privilege of watching non-English film at 21st Marrakech International Film Festival, his collaboration with Luca Guadagnino, and more
TIMELESS TRADITIONS AT TAJ
N a glorious nod to sustainability and timeless tradition, Taj Coromandel unveiled its majestic Christmas tree in the hotel lobby, marking the festive season with an innovative approach.