Brief by Shorts91 Newsdesk / 12:12pm on 03 May 2024,Friday Business
Today, the stock market faced a sharp downturn, with the S&P BSE Sensex plunging by 1,010 points to 73,601 at 1:56 pm. The NSE Nifty50 also fell over 250 points to 22,394, following a record high earlier in the day. Experts attribute this drastic shift to increased volatility, fueled by pre-election anxieties and global speculation about the timing and impact of the season's first Fed rate cut. Domestic factors such as Q4 results, election result uncertainties, and high levels of margin trading further contributed to the market's rollercoaster ride.
