Brief by Shorts91 Newsdesk / 08:34am on 15 Nov 2024,Friday Business
The Indian stock market saw a massive drop, with the Sensex losing over 984 points and investors losing Rs 13 lakh crore in just two days. The plunge, driven by rising retail inflation, which hit a 14-month high of 6.21%, and continued Foreign Institutional Investor (FII) outflows, wiped out significant market value. The BSE Sensex ended at 77,690.95, while the Nifty closed at 23,559.05. Key sectors like banking, auto, and capital goods were hit hard. Analysts point to weakening global trends and US bond yields as contributing factors to the downturn.
