नवीनतम
Sensex ends 1,456 points lower
MUMBAI [Maha Media]: Benchmark equity indices ended sharply lower on Tuesday as rising crude oil prices, a record-low rupee and escalating geopolitical tensions triggered broad-based selling across sectors, wiping out nearly Rs 9.6 lakh crore in investor wealth.
The BSE Sensex crashed 1,456.32 points or 1.92% to close at 74,558.96, while the NSE Nifty50 slumped 454.15 points or 1.91% to settle at 23,361.70.
The sharp selloff erased approximately Rs 10 lakh crore in investor wealth during the session.
Investor sentiment remained fragile after the rupee plunged to a fresh all-time low of 95.58 against the US dollar earlier in the day, intensifying concerns around inflation, India’s import bill and foreign fund outflows.
Markets also remained under pressure due to fears surrounding the fragile US-Iran ceasefire and a sharp surge in crude oil prices. Brent crude prices have climbed significantly in recent sessions, raising concerns over higher fuel costs and pressure on India’s current account deficit.
India imports more than 85% of its crude oil requirements, making domestic markets highly sensitive to global energy price shocks.
IT stocks among worst hit
Information technology stocks emerged among the biggest drags on the market amid fears surrounding slowing global growth and weaker technology spending by overseas clients.
TCS fell 3.92%, Infosys declined 3.23%, while HCLTech dropped 4.21%. Tech Mahindra slipped 4.54% and Wipro fell 3.79%, dragging the Nifty IT index sharply lower.
