Investors lost more than Rs 10 lakh crore as market ended in red

Quick Summary:

Key indices BSE Sensex and NSE Nifty both suffered steep declines due to concerns over foreign fund withdrawals and forthcoming third-quarter results.

Investors encountered a significant hit on Monday as the stock market plummeted, erasing Rs 10.98 lakh crore in wealth.

Amidst the downturn, sectors like utilities and power were particularly affected, with widespread FII selling intensifying the market bearishness.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaCanadaPoland

Topics: Business news BSE Sensex decline Investors lost Rs 10 lakh crore Foreign institutional investors Q3 earnings concerns Stock market crash

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-06 @ 23:11:48 (2 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 1055 words

Reading Time: 6 minutes read

Sentences: 41 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 24942665

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