Indian stock markets tumbled on Thursday, with Sensex closing below 80,000 and Nifty below 24,000 for the first time since late November. The sell-off, driven by hawkish US Fed statements and foreign fund outflows, wiped out Rs 3.8 lakh crore in investor wealth. Selling pressure was broad-based, with ICICI Bank, Reliance, and HDFC Bank leading the decline.
Sensex suffered its worst week since June 2022, falling 4.5% due to escalating West Asia tensions and heavy foreign investor sell-offs. The market lost Rs 16.3 lakh crore in capitalization. Rising crude oil prices intensified fears of inflation, potentially delaying any rate cuts by RBI. Only the metals sector, led by JSW Steel, saw gains.
Money Mantra Ep 7 | How to turn stock market trading into a full-time career, ft. Mukul Agrawal
Money Mantra Ep 7 | How to turn stock market trading into a full-time career, ft. Mukul Agrawal
Money Mantra Ep 6 | How to be a successful venture capitalist, ft Sudhir Sethi
Money Mantra Ep 5 | Labour Law Advisor founders Rishabh Jain and Mandeep Gill share their content creation journey
Dhan Ki Baat | Role of policy making in financial literacy
Money Mantra Ep 4 | How content creator Neha Nagar mixes finance education with entertainment
Dhan Ki Baat | Understanding how youth perceive financial literacy