Protests erupt outside Kasba Police station as 3 arrested in alleged Kolkata college gang rape
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Benchmark indices, Sensex and Nifty, tumbled sharply for the second consecutive session today, mirroring global market fears of a potential recession in the US economy. Investor wealth declined by Rs 18 lakh crore, with the market valuation dropping to Rs Rs 443.29 lakh crore from the previous session’s Rs 457.16 lakh crore.
The S&P BSE Sensex was down 2,345 points lower at 78,636.37 at around 12:09 pm, while the NSE Nifty50 plunged 698.70 points to trade at 24,019. The market downturn was broad-based, with small and midcap stocks experiencing significant declines.
Several top multi-bagger stocks declined sharply during the session. Volatility surged as global market uncertainty took its toll. All major sectoral indices suffered substantial losses in realty, IT, banking, and financial services stocks.
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