Brief by Shorts91 Newsdesk / 10:01am on 06 Sep 2024,Friday Business
The Bombay Stock Exchange (BSE) Sensex plummeted 1,070.69 points to 81,130.47, while the National Stock Exchange (NSE) Nifty50 fell 314.10 points to 24,831. The market capitalization of BSE-listed companies lost approximately Rs 5 lakh crore. The decline is attributed to investor caution ahead of US jobs data, which may influence global interest rates. The broader market indices, including small and midcap stocks, also experienced significant losses, with volatility rising over 8%. The downturn marks a significant shift in market sentiment, with investors awaiting key economic indicators.
