India's benchmark indices tumbled for the fifth straight session on Monday as investors continued to dump risky assets on fears that the US Federal Reserve m might embark on a sharper rate hike trajectory to control inflation.
Rising global tensions over Ukraine and crude oil prices hitting a seven-year peak also kept investors' mood sombre. Domestic factors weighing on sentiment included subdued corporate earnings, Budget uncertainty, and sustained selling by global funds amid concerns over expensive valuations.
The Sensex fell 1,546 points, or 2.62 per cent, to close at 57,491 - the lowest level since December 27. The Nifty declined 468 points, or 2.66 per cent, to settle at 17,149. This was the sharpest single-day fall for both the indices since November 26, when stocks had tumbled amid concerns about Omicron spread. In the last five trading sessions, the domestic markets have plunged over 6 per cent, causing a wealth erosion of nearly 20 trillion.
Diese Geschichte stammt aus der January 25, 2022-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der January 25, 2022-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
G7's coal phaseout move may impact COP29, G20 talks
The Group of Seven (G7) developed economies, ☐ in the recent meeting of its Climate, Energy, and Environment Ministerial, has decided to phase out unabated coal during the first half of the 2030s.
Small (car) is beautiful
The Indian passenger vehicle industry has had a stellar year.
10 stocks that get institutional seal of approval
Equity investments by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) in the Indian market have shown a mixed trend over the past six months.
Declare chronic ailments with insurers willing to cover them
By paying extra premium, you can reduce waiting period for pre-existing conditions
Deal valuations weigh on Apollo Hospitals stock
Brokerages believe the transaction is positive despite valuation concerns
Havells: Positive outlook priced in
Good results for the January-March quarter (Q4) of the financial year 2023-24 (FY24) and the promise of seasonal demand for cooling have led to a positive outlook on Havells.
BSE now corners a fifth of derivatives mkt share
From 0 to 21% in less than a year, the bourse is making further strides
Unfavourable conditions
Workplace culture remains hostile for women
A Chinese invasion of the auto landscape
As seen in Australia, tariff cuts may have an unwelcome outcome for domestic car makers
Dr Subbarao's book of revelations
In 1974, a bright young assistant collector from the Indian Administrative Service (IAS) did something that, by his own admission, was not straightforward.
