Sensex plunges over 1,000 pts on fears of US eco weakness

Quick Summary:

Investor concerns over a potential slowdown in US economic growth led to significant losses on Dalal Street, with the sensex dropping by 1,017 points and Nifty by 293 points.

Defence minister Rajnath Singh's caution added to the negative sentiment.Investors lost Rs 5.5 lakh crore as BSE's market capitalisation fell to Rs 473 lakh crore.

After the Indian markets closed, the US announced a set of labour data that made investors jittery about the state of the American economy.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaIsrael

Topics: US fears Investors Economic growth BSE Business news Nifty Market players Sensex plunges

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-07 @ 06:55:50 (1 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 723 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 27 words per sentence (average)

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

Copyright Owner: © Times of India

News ID: 22400275

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