Brief by Shorts91 Newsdesk / 07:16am on 05 Aug 2024,Monday Business
The Sensex tumbled nearly 2,400 points, or 2.95%, to 78,588.19, while the Nifty50 dropped 414.85 points, or 2%, to 24,302.85 amid fears of a US recession. Weak US jobs data, with the unemployment rate rising to 4.3%, heightened concerns over slowing economic growth. Geopolitical tensions in the Middle East further pressured markets. Over the last two sessions, the Sensex has fallen 4%, and the Nifty has declined 3.27%. Foreign institutional investors sold Rs 3,310 crore of domestic shares on August 2, contributing to the market downturn.
