Brief by Shorts91 Newsdesk / 11:56am on 04 Oct 2024,Friday Business
The Indian stock market saw heavy losses, with Sensex falling over 4,100 points in five days. The drop was driven by tensions in the Middle East and China’s new economic measures. Iran’s missile strikes on Israel and China’s stimulus package caused foreign investors to pull money from Indian stocks. In Friday's session, Sensex recovered briefly but ended 1% lower. Banking, FMCG, and auto stocks were the hardest hit, while IT stocks gained slightly. Experts advise caution, as market volatility continues with potential further drops.
