Indian Stock Market Tumbles: Why Sensex and Nifty 50 Fell Over 1% Today?

04 Nov 2024

The Indian stock market took a significant hit on Monday, November 4, with widespread selling that impacted major indices. Both the Sensex and Nifty 50 plummeted over 1%, while mid-cap and small-cap stocks experienced losses of up to 2%. Key Indices Performance Sensex: The Sensex opened slightly lower at 79,713.14,...

Sensex Hits 82,600, Nifty Surpasses 25,300 as Markets Reach New Records

02 Sep 2024

Benchmark equity indices Sensex and Nifty reached new all-time highs in early trading today, following positive regional trends and encouraging US economic data that alleviated growth concerns. Investors are also awaiting domestic quarterly growth figures. In early trade, the NSE Nifty 50 index climbed to 25,333.28, and the S&P BSE...

Rupee Drops to Record Low, Nearing 84 Amid Global Market Worries

05 Aug 2024

On Monday, the Indian rupee depreciated against the US dollar, reaching an all-time low amid global heavy selling in stock markets due to concerns about a potential US recession. As of 12:18 pm, the rupee was trading at 83.85, down from Friday's close of 83.75. It opened at 83.78, surpassing...

Monday’s Sensex Drop: A Review of the Five Largest Declines in History

05 Aug 2024

The Sensex, India's benchmark stock index, opened sharply lower on Monday. The index has frequently experienced significant declines, often due to global and domestic economic events. The five largest intraday drops in the history of the Sensex include the day of election results on June 4, 2024, and four occurrences...