Brief by Shorts91NewsDesk / 07:29am on 07 Apr 2025,Monday Business
The Indian stock market has witnessed a significant downturn, eroding approximately ₹20 lakh crore from investors' wealth. This decline is attributed to weak U.S. job data, sparking recession fears, and sharp plunges in global markets, notably Japan. The BSE Sensex tumbled 2,222.55 points (2.74%) to settle at 78,759.40. This downturn has led to reduced consumer spending and poses risks to economic growth, with sectors like auto sales experiencing notable declines. Analysts caution that prolonged market slumps could deter retail investments, further impacting the economy. (PC: The Tribune)
