Benchmark indices closed deep in the red on Wednesday, marking their fifth consecutive day of losses. This was riding on the inflation concerns and sell-off in metal stocks.
The Nifty index dropped nearly 10 per cent from its all-time high of around 26,277.35, reached on 27 September. This marks the fifth consecutive day of losses, as inflation concerns and a selloff in metal and realty stocks weighed heavily on sentiment.
At the close, the Sensex had shed 984 points, or 1.3 per cent, settling at 77,690, while the Nifty declined 324 points, or 1.4 per cent, to 23,559.
Nifty Financial Services, Nifty Pharma, and Nifty Oil and Gas also declined by over 1.5 per cent each. Nifty IT and Nifty FMCG fell the least, down 0.5 per cent each.
This story is from the November 14, 2024 edition of The Statesman.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 14, 2024 edition of The Statesman.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Understanding membrane potential
Membrane potential is a fundamental property of all cells.
The impact of renewable energy on electric vehicle
The pace of this global shift towards a greener future is unbeatable, and so far, electric vehicles seem to fit in as an efficient system to combat climate change.
Ramsar sites: Vital wetlands in need of urgent Conservation
A Ramsar site is any wetland area listed ☐ Convention, which under the Ramsar aims to conserve wetlands and promote the sustainable use of their natural resources.
INDIAN CHEMICAL SOCIETY
SIR, A few months ago you were good enough to publish a short notice announcing the formation of an Indian Chemical Society.
Wake up, Dhaka
SIR, This refers to your editorial \"Tense Relations\" (December 1).
The Rome Statute
The PTC issues arrest warrants on the application of the Prosecutor, if it is satisfied that there are reasonable grounds to believe that the person has committed a crime within the jurisdiction of the court, and the arrest of the person is necessary to ensure the person's appearance at trial and does not obstruct or endanger the investigation or the court proceedings. It may also be issued to prevent the person from continuing with the commission of that crime or a related crime
De-escalation next priority: Jaishankar
‘Peace tranquilityin borderareas prerequisite for growth of India-China ties’
Travis Head confident ahead of pink ball Test at Adelaide
Australia may have been outclassed by Team India during the opening game of the ongoing edition of the Border Gavaskar Trophy in Perth, but star opener Travis Head is confident ahead of the pink ball Test in Adelaide, stating that while the wicket can be challenging to bat on, it suits him well as it is his home ground.
Race to WTC final intensifies as England, NZ docked 3 points each for slow over rate
The race to the World Test Championship (WTC) final has intensified after New Zealand and England were docked three points each for maintaining a slow over-rate in the opening Test of their three-match series.
Under pressure Australia gear up for pink ball Test against India
Eager to avenge the defeat to India in the Perth Test, hosts sweating hard at nets in Adelaide
