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Sensex, Nifty crash 1.6% on 3rd-quarter earnings growth concerns

Millennium Post Delhi

|

January 07, 2025

Besides, new HMPV scare & depreciating rupee weighed on sentiment

Benchmark equity indices Sensex and Nifty crashed 1.6 per cent on Monday due to an across-the-board selloff, as concerns over third-quarter earnings growth and the continued flight of foreign capital sapped risk appetite.

Besides, traders said that the new HMPV scare, depreciating rupee and weak trend in Asian markets further weighed on sentiment.

Extending loss for the second straight session, the 30-share BSE benchmark Sensex tanked 1,258.12 points or 1.59 per cent to close below the 78,000 level at 77,964.99.

As many as 3,474 stocks declined, 656 advanced and 114 remained unchanged on the BSE.

The NSE Nifty slumped 388.70 points or 1.62 per cent to 23,616.05.

The market capitalisation of BSE-listed firms dived Rs 10,98,723.54 crore to Rs 4,38,79,406.58 crore ($5.11 trillion).

MEER VERHALEN VAN Millennium Post Delhi

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‘Modi not only scared of Trump but remote-controlled by big business’

Congress leader Rahul Gandhi on Sunday alleged that Prime Minister Narendra Modi was not only \"scared\" of US President Donald Trump, but was also \"remote controlled\" by big business.

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THE LONG-AWAITED FIRST CROWN

INDIA WOMEN CREATE HISTORY, OUTPLAY SOUTH AFRICA TO CLAIM FIRST WORLD CUP TITLE

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Kuldeep Yadav released from India's T20I squad

India's team management on Sunday released spinner Kuldeep Yadav from the T20I squad in Australia for the upcoming second fourday match between India A and South Africa A in Bengaluru from November 6.

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Tejashwi was named CM candidate after RJD pointed katta at head of Congress, alleges Modi

Says both Pak, Congress yet to recover from Op Sindoor

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"Zero tolerance for any kind of violence'

Any act of violence will not be tolerated and voters will be able to cast their votes peacefully and freely in Bihar, Chief Election Commissioner Gyanesh Kumar asserted on Sunday, a day after the poll body took action against officials in Patna following violence during campaigning in Mokama.

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Washington stars in India’s series levelling win against Australia

GREAT PERFORMANCE BY COMEBACK STARS

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Newspaper delivery delayed in Punjab as police conduct vehicle checks

Newspaper deliveries were delayed at some places in Punjab on Sunday morning after police conducted vehicle checks, particularly commercial transports, during the intervening night of Saturday-Sunday.

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Millennium Post Delhi

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Tejashwi confident of forming next govt in Bihar

INDIA bloc Chief Ministerial candidate Tejashwi Yadav on Sunday asserted that the Opposition coalition was certain to form the next government in Bihar, and the swearing-in will take place four days after the results of Assembly polls are declared.

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1 mins

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Pramod-Sukant, Nitesh and Manisha among gold winners

Tokyo Paralympic champion Pramod teamed up with Sukant to claim the men's doubles SL 3-SL 4 gold

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Millennium Post Delhi

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Trump to host Syrian President next week

IN 1ST-EVER VISIT BY AHMAD AL-SHARAA TO US

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