Brief by Shorts91 Newsdesk / 05:53am on 13 May 2024,Monday Business
The Indian stock market experienced a sharp decline on Monday, with the Sensex plummeting 742 points to 71,922 and the Nifty slipping 194 points to 21,861. This downward trend was largely attributed to the continued selling by Foreign Institutional Investors (FIIs) on Dalal Street. As a result, investor wealth shrunk by a substantial Rs 4.85 lakh crore. The auto, consumer durables, and metal sectors were the hardest hit, with stocks such as Tata Motors, JSW Steel, and RIL leading the losses. All 19 BSE sectoral indices traded in the red, with the auto, capital goods, and consumer durables indices experiencing significant declines.
