Sensex sinks 621 points amid global sell-off
The Hindu
BSE index ended at 59,601 while Nifty plunged to 17,745
Equity benchmark Sensex plummeted 621 points on Thursday, weighed by deep losses in index majors HDFC twins, Reliance Industries and TCS amid a sell-off in global markets.
World stocks spiralled lower after minutes of Federal Reserve's recent meeting indicated that the U.S. central bank may hike interest rates faster to cool inflation, traders said.
The 30-share BSE index ended 621.31 points or 1.03% lower at 59,601.84. Similarly, the NSE Nifty plunged 179.35 points or 1% to 17,745.90.
Vodafone sells stake in Indus Towers for ₹2,800 crore, uses proceeds to clear lenders dues and increase Vi shareholding.
SpiceJet to unground 10 more aircraft by mid April after raising funds, growing active fleet size to 28.
UN report projects Indian economy to grow by 6.6% in 2025, driven by private consumption and investment, with strong export growth.
Supreme Court halts ₹1 lakh crore GST notices to online gaming companies and casinos for alleged tax evasion.
Punjab Government rejects Centre's draft policy on agricultural marketing, citing concerns over private markets and MSP procurement.
CEAMA urges tariff reductions, PLI scheme expansion, and tax rationalization to boost Indian electronics industry competitiveness.
Sensex and Nifty rebounded but fell due to foreign fund outflows, with TCS leading gainers and FIIs selling off equities.
Adani Group to raise ₹7,148 crore by selling stake in Adani Wilmar, focusing on infrastructure business growth.
India's GDP growth rate decline, official estimates questioned, and economic slowdown analysis by experts and academics.
GrayQuest raises ₹80 crore in Series B funding to enhance technology platform and scale distribution in education ecosystem.
L&T chairman sparks outrage advocating 90-hour work week, reigniting work-life balance debate in India.