Sensex and Nifty have taken a nosedive today, wiping out ₹9 lakh crore in investor wealth—let's break down this market madness!
In a shocking turn of events, the Indian stock market faced a significant meltdown today as both the Sensex and Nifty 50 indices plummeted over 1%. Investors across the country felt the pinch as the total market cap on BSE dissolved by a staggering Rs 8.98 lakh crore, settling at a valuation of Rs 444.66 lakh crore. This decline was primarily driven by heavy sell-offs, leaving many wondering whether to panic or to goggle at the market's unpredictability.
At the closing bell, the Sensex took a tumble by 930.55 points to 80220.72, while the Nifty pitched in a drop of 309 points, arriving at 24472.10. With all sectoral indices concluding in the red, including auto, capital goods, metal, power, and even telecom, every investor seemed to be sharing the same collective sigh of despair. Much like when your favorite cricket team loses by a landslide, it left a sour taste in the mouths of many traders, questioning when the next bull market might rear its head.
The issue isn't just confined to Indian shores either! Across the globe, high treasury yields have weighed down global markets, adding fuel to financial fire. The Dow Jones Industrial Average and the Nasdaq also faced their share of challenges, sliding back as interest rates continued to rise faster than Suryakumar Yadav hitting sixes! The fear of a potential economic slowdown looms larger as investors rethink their strategies, leading to a broader sell-off.
As the dust settles on this turbulent trading day, it’s interesting to note that this isn't the first time the Sensex and Nifty have felt the heat of volatility. Historically, markets have had ups and downs akin to a Bollywood drama, rife with unexpected twists and turns. And in a world where inflation worries and external economic factors rain incessantly, it serves as a reminder to diversify portfolios and approach investing with an open, yet cautious heart. Just like the weather, you never know when a storm might roll in!
Did you know that the BSE, where the Sensex is calculated, is the oldest stock exchange in Asia? Founded in 1875, it has witnessed everything from the rise of the British Empire to the digital revolution. Furthermore, the wild fluctuations of today remind us of the 2008 crash - markets can swing from euphoria to panic in a matter of days! So, buckle up and stay informed because, in the world of stocks, anything can happen!
Investor wealth, as suggested by the BSE m-cap, fell Rs 8.98 lakh crore to Rs 444.66 lakh crore compared with a valuation of Rs 453.65 lakh crore recorded ...
Stock market today: The Indian stock market faced significant selloffs, with the Sensex and Nifty 50 dropping over 1%. Mid and small-cap indices fell up to ...
Stock market today: At the closing bell, Sensex plunged 930.55 points to 80220.72, while the Nifty fell 309 points to 24472.10. The sharp decline wiped out ...
A trader works on the floor of the New York Stock Exchange during morning trading on Aug. 23, 2024. Michael M. Santiago | Getty Images. Stocks fell for ...
All the sectoral indices ended in the red with auto, capital goods, metal, power, realty, telecom, media and PSU bank were down 2-3 percent. BSE Midcap index ...
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Follow along for live updates on stocks, bonds and markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
The Dow Jones Industrial Average and the other major stock indexes declined Tuesday as interest rates continued to rise. Bucking the tide was Nvidia (NVDA), ...
In a volatile session on Tuesday, the BSE Sensex crashed up to 1002 points or 1.23 per cent to 80433 levels, while NSE's Nifty50 fell 336 points or 1.35 per ...
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Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff. 23 Oct 2024, 07:00:12 AM IST. Stock Markets Today Live Updates ...
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India Business News: Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Wednesday after Tuesday's crash.
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Indian benchmark indices, Nifty and Sensex, traded lower on Wednesday amid lacklustre earnings and continued foreign outflows.
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