Brief by Shorts91 Newsdesk / 08:05am on 14 Nov 2024,Thursday International
Indian stock markets witnessed sharp declines for two consecutive days, wiping out Rs 13 lakh crore from investors. The BSE Sensex dropped by 984 points to 77,690.95, hitting a four-month low, while the NSE Nifty fell by 324 points to 23,559.05. Rising retail inflation at 6.21%, foreign fund outflows, and disappointing Q2 earnings fueled this decline. Financial, auto, and capital goods stocks took major hits. Additionally, the weakening rupee, higher U.S. bond yields, and sectoral dips in mid and small-cap shares contributed to market volatility, raising concerns for investors as global economic pressures continue.
