Sensex plunges 1,124 points, Nifty below 22,800; PSU bank, realty stocks among top losers
Broad selling hit financials and PSU banks as foreign outflows and higher crude prices kept investor sentiment weak, analysts said.
- On Monday, BSE Sensex and Nifty50 tanked in morning trade as Indian equity benchmarks closed sharply lower amid mounting investor concerns.
- Persistently high crude oil prices and a spike in US bond yields weighed on sentiment, while both indices crashed over 1% amid the intensifying Iran-US conflict.
- The 30-share BSE Sensex plunged 1124.02 points or 1.52 per cent to settle at 72,771.72, while NSE Nifty fell 360.25 points or 1.56 per cent to 22,780.25.
- Broader markets also weakened; the BSE MidCap Select Index shed 1.39 per cent and the BSE SmallCap Select Index fell 1.90 per cent, while the Indian Rupee fell 0.19 per cent to 96.00.
- During the day, the Benchmark hit a high of 73,740.85 and a low of 72,716.23, gyrating 1,024.62 points and underscoring persistent volatility.
105 Articles
105 Articles
Dar Stock Exchange loses Sh440 billion in market value as stocks slide
The value of shares listed on the Dar es Salaam Stock Exchange (DSE) fell by Sh438.95 billion last week as price decline across several counters pushed total market capitalisation down by 1.08...
Stock prices closed lower for the second consecutive session on Friday, weighed down by pressure on the banking sector despite improving global sentiment. European stock markets are trading in positive territory as falling global yields and falling international oil prices improved investment sentiment. Wall Street opened higher as bond yields fell after weak labor market data boosted expectations that the Fed would keep interest rates unchanged…
Cautiousness remains, as high bond yields, increased oil prices and uncertainty about the path of interest rates continue to weigh on sentiment.
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