Market sinks nearly 2% on slowdown worries
The New Indian Express|September 17, 2022
Fall comes as IMF and World Bank warn about recession risks and aggressive policy tightening by central banks
ARSHAD KHAN
Market sinks nearly 2% on slowdown worries

AFTER a strong resistance, India's equity market succumbed to global recession fears on Friday. The BSE Sensex nosedived 1,093.22 points or 1.82%, to settle at 58,840.79 and the broader NSE Nifty50 index fell 346.55 points or 1.94% to close at 17,530.85.

This is the third consecutive session when the two indices ended in the red. On Friday alone, the market cap of BSElisted firms fell to *279.68 lakh crore from €285.87 lakh crore, causing a loss of ₹6.19 lakh crore to investors.

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