Bloodbath on D-Street: Investors lose Rs 5.77 lakh cr in final hours of trade today
AI Summary
Indian stock markets faced a sharp downturn with a loss of Rs 5.77 lakh crore in investor wealth due to sell-offs triggered by a weaker monsoon forecast and geopolitical uncertainties. Both the Sensex and Nifty50 indices dropped steeply in the final trading hour amid broad sectoral declines.
Indian stock markets experienced a significant downturn on Friday. Investor wealth saw a substantial decline of Rs 5.77 lakh crore. Benchmark indices, Sensex and Nifty50, plunged sharply in the final trading hour. Concerns over a weaker monsoon outlook and geopolitical uncertainty fueled the sell-off. Broad-based selling pressure was observed across various sectors.
Politics Markets Commodities Indian stock market Sensex Nifty50 monsoon outlook geopolitical uncertainty investor wealth loss