Sensex plunges 1,769 pts to 3-week low, investors lose ₹9.78 lakh crore in single day
The Hindu
BSE Sensex plunges 1,769 points to three-week low amid West Asia conflict, wiping out ₹9.78 lakh crore in a day.
Benchmark BSE Sensex tanked 1,769 points to slide to a three-week low on Thursday (October 3, 2024) as a spiralling conflict in West Asia triggered selling in oil, banking and auto shares, wiping out ₹9.78 lakh crore investor money in a single day.
Falling for the fourth day running, the BSE Sensex tumbled 1,769.19 points or 2.10 per cent to settle at 82,497.10, its lowest closing level since September 11. During the day, it plummeted 1,832.27 points or 2.17% to 82,434.02. As many as 29 Sensex scrips closed in the red while only one stock ended in the green.
Market capitalisation of BSE-listed companies dropped by around ₹9.78 lakh crore to ₹4,65,07,685.08 crore ($5.54 trillion).
Follow Israel-Lebanon conflict LIVE updates on October 3
The NSE Nifty slumped 546.80 points or 2.12% to 25,250.10 with 48 of its constituents ending lower.
Continuous foreign fund outflows and rising crude oil prices dented investors' sentiment, analysts said.
From the 30 Sensex firms, Larsen & Toubro, Reliance Industries, Axis Bank, Asian Paints, Tata Motors, Bajaj Finance, Maruti, Bajaj Finserv, Kotak Mahindra Bank, Titan, Adani Ports and HDFC Bank were the major laggards.
On World Fisheries Day, India launches projects for marine and inland aquaculture, aiming to transform the fisheries sector and blue economy.
Lokayukta police raid uncovers ₹26.6 crore in assets from government officials in Karnataka, leading to investigations and cases filed.
Court boycott by advocates in Tamil Nadu demands Advocates Protection Bill for safety, affecting litigants from remote villages.
Army faces allegations of harassment and torture in Kishtwar, Jammu; probe ordered, sparking concerns over human rights violations.
Karnataka’s software and services exports crossed ₹4.11 lakh crore during fiscal 2023-24 (March 2024) from ₹3.2 lakh crore a year ago, marking a 27% year-on-year growth, Minister for IT&BT, Priyank Kharge, said here on Thursday quoting Software Technology Parks of India (STPI) data.
Continuous rainfall in Thoothukudi has caused severe hardship for residents as rainwater has inundated several areas. Efforts to drain stagnant water in the city have been intensified
Indictment details Adani bribery scheme to secure solar power contracts, involving Adani Green Energy and Azure Power executives.
Legislative Assembly Speaker U.T. Khader officially launched the operations of Namma Yatri, Bengaluru-based mobility app dedicated to empowering drivers, in Mangaluru.
NCCP(I) and ICS urge Union Government to reinstate respiratory medicine in MBBS curriculum for public health impact.
Singer Sunitha Upadrasta's debut performance in Visakhapatnam on December 6 at MGM Park, sharing insights into her illustrious music career.
10th edition of India Photo Festival begins in Hyderabad