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Sensex Plunges 1,200 Pts From Day's High, Nifty Below 22,400. 4 Factors Behind Rs 10 Lakh Crore Wipeout
- Indian markets declined on Friday, snapping a one-week rally, with the Sensex falling over 1% and the Nifty dropping 0.4% amid broad-based selling pressure.
- Elevated Brent crude prices fueled the decline after Houthi attacks in Saudi Arabia drove the commodity to an over 5-month high of $114.6 per barrel, up 1%.
- Foreign institutional investors remained net sellers, withdrawing 3,459 crore from Indian equities on Thursday, though domestic institutional buying partially offset the sustained outflow.
- The Indian rupee weakened for the second consecutive day, settling at 94.40 against the dollar, down 0.1% from its previous close.
- Broader concerns regarding Artificial Intelligence and technology stocks triggered a sell-off on Wall Street Thursday, which was reflected in the decline of Asian markets.
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Sensex, Nifty Extend Losses as Crude Surges to USD 114, All Sectors Close in Red
Get latest articles and stories on Business at LatestLY. The domestic stock market continued its downward trend on Friday, with benchmark indices Sensex and Nifty 50 closing in the red amid selling pressure across sectors, rising crude oil prices and weak global cues. Business News | Sensex, Nifty Extend Losses as Crude Surges to USD 114, All Sectors Close in Red.
·Mumbai, India
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Coverage Details
Total News Sources24
Leaning Left1Leaning Right7Center2Last UpdatedBias Distribution70% Right
Bias Distribution
- 70% of the sources lean Right
70% Right
C 20%
R 70%
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