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North Kolkata filtered water supply to be disrupted on Dec 16-17 due to Tallah Pump repairs
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Benchmark stock market indices ended sharply lower on Monday as profit booking hit major sectors, especially information technology (IT) and financials. A significant decline in Reliance Industries Limited (RIL) shares further added to the sell-off, with the S&P BSE Sensex falling 1,272.07 points to 84,299.78, and NSE Nifty50 closing 361.65 points lower at 25,810.85.
The combined market capitalization of BSE-listed companies saw a sharp decline of over Rs 4 lakh crore due to the sell-off. All major indices fell as volatility surged, while banking, financial, and IT sectors were the worst hit. In contrast, metal stocks such as JSW Steel and Tata Steel outperformed.
Vinod Nair, Head of Research at Geojit Financial Services, attributed the market plunge to global factors, including rising geopolitical risks in the Middle East and a potential interest rate hike in Japan. He also pointed out the Chinese market's resilience due to stimulus efforts and suggested domestic markets would now focus on the upcoming Q2 results.
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