Brief by Shorts91 Newsdesk / 05:33am on 13 Dec 2024,Friday Business
India's stock market witnessed a sharp decline on Friday as the BSE Sensex plunged 1,079 points to 80,210, and the NSE Nifty fell 330 points to 24,218. Metal stocks led the slump, with Tata Steel and JSW Steel among major losers, alongside IndusInd Bank and Reliance Industries. Foreign Institutional Investors (FIIs) sold ₹3,560 crore worth of equities on Thursday, further weakening market sentiment. While global market trends and fund outflows weighed on indices, select stocks like Bharti Airtel and Hindustan Unilever bucked the trend, registering gains. Analysts cite global uncertainties and weak demand as key factors behind the crash.
