Indian Markets Plunge Amidst Global Uncertainty
Indian stock markets experienced a significant downturn Thursday, wiping out ₹6.8 trillion in investor wealth. The sell-off was triggered by geopolitical tensions in the Persian Gulf and a clouded outlook on U.S. interest rates.
- Indices Decline: Nifty fell 1.4% to 25,454.35; Sensex dropped 1.5% to 82,498.14.
- Global Factors: U.S. military build-up in West Asia and unchanged U.S. Federal Reserve interest rates fueled concerns.
- Sector Performance: All sectors were in the red, led by Nifty Realty, down 2.6%.
- Investment Trends: FIIs were net sellers at ₹880.49 crore; DIIs also sold at ₹596.28 crore.
