The BSE benchmark Sensex tumbled over 800 points, leaving investors poorer
By MYBRANDBOOK
The BSE benchmark Sensex recently experienced a significant drop, tumbling over 800 points and resulting in substantial losses for investors. The fall in the equity market made the investors poorer by Rs. 5.29 lakh crore on Tuesday. A host of negative triggers such as muted quarterly earnings, continuous foreign fund outflows and weak trends in Asian and European markets dragged the benchmark indices lower.
Such a decline often leads to a market-wide sell-off, erasing value from investors’ portfolios, impacting both retail and institutional stakeholders. This dip can be attributed to a variety of factors, including economic uncertainties, fluctuations in global markets, rising inflation, and geopolitical concerns.
A sharp drop in the Sensex index generally reflects diminished investor confidence. As a widely watched indicator of the Indian stock market's health, a fall of this magnitude can signal or exacerbate concerns about economic performance, prompting investors to reevaluate and sometimes pull their holdings. Not only does this lead to an immediate financial loss for those invested in the market, but it can also negatively affect public sentiment and future investment decisions.
From the 30-share Sensex pack, NTPC, HDFC Bank, Asian Paints, State Bank of India, Tata Motors, Maruti, JSW Steel and Power Grid were among the major laggards. On the other hand, Infosys, Sun Pharma, ICICI Bank and Tata Consultancy Services were the gainers.
Domestic earnings disappointment and weak Asian & European market cues fueled another round of massive correction as key benchmark indices slumped.
Further contributing to this downturn, foreign institutional investor (FII) outflows have been observed, with investors moving funds to perceived safer, more stable markets. This shift, combined with factors like inflationary pressures, fluctuating foreign exchange rates, and tightening monetary policies worldwide, has a cascading effect on emerging markets like India.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,306.88 crore on Monday, according to exchange data. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled in the negative territory.
In situations like this, it becomes essential for investors to assess their strategies and potentially diversify to mitigate risks, as market corrections can be both sudden and significant in their impact on wealth distribution.
BREAKING NEWS
TECHNO TRENDS
Nazara and ONDC set to transform in-game monetization with ‘
Nazara Technologies has teamed up with the Open Network for Digital Comme...
Jio Platforms and NICSI to offer cloud services to government
In a collaborative initiative, the National Informatics Centre Services In...
BSNL awards ₹5,000 Cr Project to RVNL-Led Consortium
A syndicate led by Rail Vikas Nigam Limited (abbreviated as RVNL), along wi...
Pinterest tracks users without consent, alleges complaint
A recent complaint alleges that Pinterest, the popular image-sharing platf...
E-Magazine
TECHNOTAINMENT
Netflix adds 'Moments' feature for saving, sharing scenes from
Netflix has introduced a new “Moments” feature on its mobile app, whic
Jacqueline Fernandez come together with YouTuber Mr. Beast for
Jacqueline Fernandez has partnered with American YouTuber Mr. Beast to b
MOVERS & SHAKERS
Visa elevates Rishi Chhabra as new Country Manager for India
Rishi holds a Master’s in Industrial Engineering from The Ohio State Univ
Genesys welcomes Albert Nel as Senior VP and Regional Sales Le
Genesys continues to deepen its investment in the APAC region. Earlier this
OPEN YOUR EYES
INTERVIEWS
In India, 88% of Indian business leaders are planning to inves
As we move through 2024, it has become increasingly clear that AI is not ju
Acer addresses evolving customer needs by consistently pushing
Acer offers a comprehensive range of products under one roof, including des
HOT PICK
SonicWall Launches TZ80: A Powerful Solution for Remote Office
SonicWall announced today the launch of the TZ80, a groundbreaking securit
Gigabyte X3D Turbo: A Gaming Revolution
GIGABYTE X3D Turbo Mode is a cutting-edge feature that unifies cores distr
MAKE IN INDIA BRANDS
LUMINOUS POWER TECHNOLOGIES PVT. LTD.
SAMRIDDHI AUTOMATIONS PVT. LTD.
BHARAT ELECTRONICS LTD.
AMARA RAJA POWER SYSTEMS LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India : ALOK OHRIE
Alok Ohrie leads Dell Technologies’ India business, overseeing Sales...
Icons Of India : Arjun Malhotra
Arjun Malhotra, the Chairman of Magic Software Inc., is widely recogni...
ICONS OF INDIA : VIJAY SHEKHAR SHARMA
Vijay Shekhar Sharma is an Indian technology entrepreneur and multimil...
PARTNER SPEAKERS
PSU
UIDAI - Unique Identification Authority of India
UIDAI and the Aadhaar system represent a significant milestone in Indi...
IFFCO - Indian Farmers Fertiliser Cooperative
IFFCO operates as a cooperative society owned and controlled by its fa...
ITI - ITI Limited
ITI Limited is a leading provider of telecommunications equipment, sol...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - REVATHI ADVAITHI, CEO- Flex
Revathi Advaithi, the CEO of Flex, is a dynamic leader driving growth ...
Indian Tech Talent Excelling The Tech World - Thomas Kurian, CEO- Google Cloud
Thomas Kurian, the CEO of Google Cloud, has been instrumental in expan...
Indian Tech Talent Excelling The Tech World - Dheeraj Pandey, CEO, DevRev
Dheeraj Pandey, Co-founder and CEO at DevRev , has a remarkable journe...
STARNITE AWARDS 2024
ITFORUM 2024
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
