Brief by Shorts91 Newsdesk / 05:43am on 05 Aug 2024,Monday Business
The S&P BSE Sensex plunged by 1,672.88 points to 79,309.07, and the NSE Nifty50 fell by 414.85 points to 24,302.85 due to weak global cues. Rising US recession risks and Middle East tensions drove the decline, with smallcap and midcap stocks also suffering. Major sectoral indices like realty, IT, and financial services saw significant losses. Experts suggest a cautious approach, highlighting overvaluations and global uncertainties. Top gainers included Britannia and Sun Pharma, while Tata Motors and Hindalco led the losers.
