Followers

Wednesday, December 20, 2023

Sensex crashes 1,610 points from high, worst day since Budget

Sensex correction due to profit-taking and selling by speculators resulted in a 1,610 point crash from the day's high. Short selling and margin calls led to forced liquidation, contributing to the market slide. Crude oil prices spiked due to attacks on commercial ships in the Red Sea area. The rise in Covid infections and hike in margins for derivatives trades were additional factors. Market capitalisation decreased by Rs 9 lakh crore. Foreign funds sold Rs 1,322 crore while domestic funds bought Rs 4,754 crore.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/tqdXx6o

No comments:

Post a Comment

Sri Lanka central bank fines Indian Bank

from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Bu...