Equity markets witnessed a sharp decline on Friday, with the benchmark Sensex plunging over 700 points to dip below the 74,000 mark, while the Nifty retreated from its record high. The sell-off was attributed to investors reducing exposure to telecom, capital goods, and technology stocks. Heavy selling pressure in Reliance Industries, L&T, and HDFC Bank also contributed to the indices’ downward trend.
The BSE Sensex dropped by 732.96 points or 0.98% to settle at 73,878.15, after initially surging by 484.07 points earlier in the day. The NSE Nifty also witnessed a decline of 172.35 points or 0.76% to 22,475.85, despite hitting a record high of 22,794.70 in early trade.
Diese Geschichte stammt aus der May 04, 2024-Ausgabe von The Business Guardian.
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Diese Geschichte stammt aus der May 04, 2024-Ausgabe von The Business Guardian.
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