Rising oil, weak rupee and rate fears hammer Dalal Street; VIX jumps 10%
On Thursday, Indian equities faced a significant sell-off, leading to declines in both Sensex and Nifty. The Sensex dropped by 1,045.46 points, while Nifty fell by 371.25 points. The decline resulted in a market capitalisation loss of nearly ₹10 lakh crore. Global concerns such as elevated oil prices and interest rate increases are impacting investor sentiment....
Key Takeaways
- On Thursday, Indian equities faced a significant sell-off, leading to declines in both Sensex and Nifty.
- The Sensex dropped by 1,045.46 points, while Nifty fell by 371.25 points.
- The decline resulted in a market capitalisation loss of nearly ₹10 lakh crore.
On Thursday, Indian equities faced a significant sell-off, leading to declines in both Sensex and Nifty. The Sensex dropped by 1,045.46 points, while Nifty fell by 371.25 points. The decline resulted in a market capitalisation loss of nearly ₹10 lakh crore. Global concerns such as elevated oil prices and interest rate increases are impacting investor sentiment. Overall, the Indian stock market continues to struggle amid challenging economic factors.
Original Publisher Attribution
This summary was curated from Economic Times.