Brief by Shorts91 Newsdesk / 10:33am on 09 May 2024,Thursday Business
The Sensex and Nifty 50 indices extended morning losses, dropping over 1% on Thursday. The Sensex fell 1,062.22 points to 72,404.17, while the Nifty 50 closed at 21,957.50, down 345 points. The broader market underperformed, with Nifty Small Cap 100 and Nifty Midcap 100 losing 2.83% and 1.85%, respectively. The decline is attributed to ongoing election uncertainty and subdued Q4 results from large-cap companies, denting investor morale. This marks the lowest point for the indices in three weeks, with analysts predicting continued losses. The market's momentum is expected to continue downward due to these factors.
