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Investors Poorer by ₹13 Lakh Cr as Market Collapses
The New Indian Express Kannur
|January 14, 2025
The ongoing downturn in the equity market intensified on Monday, erasing ₹14 lakh crore in investor wealth.
Hopes for a recovery were dashed as a weakening rupee and reduced likelihood of aggressive rate cuts by the US Federal Reserve weighed heavily on sentiment.
The BSE Sensex tumbled 1,128 points (1.4%) intraday to hit 76,250, while the NSE Nifty50 slumped 357.5 points (1.5%) to touch a low of 23,047. By the close, the Sensex had shed 1,049 points (1.36%) to settle at 76,330, and the Nifty ended down 345 points (1.47%) at 23,086. The benchmarks have now fallen by up to 12% from their all-time highs in September 2024.
This story is from the January 14, 2025 edition of The New Indian Express Kannur.
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