Brief by Shorts91 Newsdesk / 05:09am on 15 Apr 2024,Monday Business
Equity markets took a hit on Monday as the Sensex plunged by 929.74 points to 73,315.16, while the Nifty dropped 216.9 points to 22,302.50. The decline was attributed to global uncertainties fueled by the Middle East conflict and weak international trends. Additionally, concerns over foreign fund outflows and higher-than-expected US inflation figures dampened investor sentiment. Tata Motors, SBI, Tata Steel, and Power Grid led the Sensex losses. On a positive note, Tata Consultancy Services reported a 9% growth in net profit for the January-March quarter of FY24, driven by robust domestic business performance despite overseas challenges.
