Business Samachar

Sensex crashed over 1,000 points Posted by Niilesh waghela  Mumbai: The Sensex crashed over 1,000 points, wiping out ₹9 lakh crore ($108 billion) of investor wealth.  The Nifty 50 index also fell below 25,250, reflecting the fragility of market sentiment amid mixed corporate earnings, persistent foreign fund outflows, and global trade uncertainty. Indian equities ended sharply lower on Tuesday, as a late-morning selloff dragged benchmark indices to their lowest levels in three months.  At the end of the session, the BSE Sensex declined 1,065.7 points or 1.28% to close at 82,180.47, while the NSE Nifty 50 slipped lower by 353 points or 1.38%, settling at 25,232.50. Here are the key factors behind the market decline: IT Stocks Drag Benchmarks Lower: Information technology shares led the selloff, with the Nifty IT index sliding 2% as all constituents traded in the red. Subdued Global Sentiment: Renewed trade tensions and uncertainty surrounding US trade policy rattled risk a...

Stock market acheived mileston fortnight ahead of election results Posted by NILESH WAGHELA Mumbai: India stock market hits $5 trillion milestone fortnight ahead of Lok Sabha election results. D-Street joined the exclusive $5 trillion club for the first time ever, braving FII pullout.  Investors were found to pile up on stocks in the broader market. In less than 6 months, the jump from Rs 4 trillion to Rs 5 trillion was achieved — a pace never before seen.  On the global map, India is the fifth largest stock market behind only Hong Kong, Japan, China and the mother market of the US. By creating an unprecedented wealth of $1 trillion in just 6 months, the Indian stock market on Tuesday joined the exclusive $5 trillion club for the first time ever and defied the FII pullout before the outcome of the Lok Sabha election on June 4. The combined market capitalisation of all listed stocks on BSE on Tuesday rose up to Rs 414.75 lakh crore ($5 trillion) during the day as investors kept...