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Friday crash wipes out ₹8L cr from domestic equity market
The Morning Standard
|July 20, 2024
SNAPPING a four-day winning rally, India's equity market benchmarks - BSE Sensex and NSE Nifty50 took a beating on Friday due to the global sell-off, triggered by operating system issues that caused devices to crash worldwide.
Premium valuation concerns and investors deciding to book profit ahead of the union budget due on Tuesday next week also dampened sentiments.
At close, the Sensex was down 0.91% at 80,604 and the Nifty was down 1.09% at 24,530. The selling was so widespread that only 858 shares registered on the BSE gained while 3,071 shares declined and 81 were unchanged. The broader markets logged a decline for the second straight day as midcap and smallcap indices fell 2.3 and 2.2%, respectively.
Bu hikaye The Morning Standard dergisinin July 20, 2024 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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