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Market witnesses sharp sell-off

The New Indian Express

|

November 29, 2024

Sensex plunged 1.48% to close at 79,043.74, Nifty dropped 1.49% to settle at 23,914.20

- ARSHAD KHAN

Market witnesses sharp sell-off

THE domestic equity markets witnessed a sharp sell-off on Thursday, with the benchmark indices BSE Sensex and NSE Nifty 50, declining by nearly 1.5% each.

The decline was primarily driven by heavy selling in IT stocks amid uncertainty over US interest rate cuts and escalating geopolitical tensions following Russia's renewed attacks on Ukraine's energy infrastructure.

The BSE Sensex plunged 1,190.34 points, or 1.48%, to close at 79,043.74, while the NSE Nifty dropped 360.70 points, or 1.49%, to settle at 23,914.20.

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