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  • After the decrease in the Inflation Sensex crossed 32,000 for the first time

    Sensex Crossed 32000

    The major Sensex on the Indian stock market surged over 200 points on Thursday and created a new history. While the sensitive index of the Bombay Stock Exchange crossed the figure of 32,000, the major index Nifty 50 on the National Stock Exchange was also close to crossing the record level of 9,900 with a good 60-point gain in the morning trade.

    Stock market analysts believe that in the market this fast has been seen by the Reserve Bank of India on the expectation of declining interest rates. It is noteworthy that the data on retail inflation, which came on Wednesday, has also recorded a record decline, which has led to a steep rise in the market.

  • Market crashed; Investors lose Rs 4.95 L cr wealth


    Photo Courtesy: Internet

    A downfall for investors of Rs 4.95 L crore among sell-off in the broader market on Tuesday where the standard BSE Sensex suddenly fell 1,275 points or 3.6 percent in opening trade.

    The BSE Sensex went deep below the 34,000-mark by plunging about 1,275 points or 3.6 percent in opening trade due to across-the-board losses after investor emotions were hit by a sell-off in world markets.

    Following the downfall, the total market capitalisation of BSE listed companies eroded by Rs 4,94,766 crore to Rs 1,43,00,981 crore. Extending its falling streak for the sixth straight session, the 30-share index fell by 1,274.35 points, or 3.66 percent, to 33,482.81 with all sectoral indices led by realty, consumer durables, metal and banking tradings in the negative zone.

    On BSE, 2,221 stocks declined, while 169 advanced and 83 remained unchanged. Domestic brokerage firm Angel Broking in a report on Tuesday said that a fall in Indian markets is likely amid sell off in global indices. "US stocks suffered one of their worst days in recent history in the last trading session, as markets continued to throw a tantrum over rising interest rates. The Dow Jones ended on downside of 4.6 percent to close at 24,346 and the Nasdaq Composite edged down to 3.8 percent, to 6,968," it said.

    Moreover, UK shares tumbled as a strong US jobs report reinforced the Fed's outlook for three interest-rate hikes this year and investors looked ahead to a new round of talks between the UK and European Union. The FTSE 100 was down by 1.5 percent to close at 7,335, it added.