Market Shake-Up: Sensex Takes a Dive Post-Record Rally
Stock markets saw significant declines on Tuesday, with Sensex dropping 1,282 points due to profit-taking following a record rally. IT, auto, and banking shares were the major losers. Gainers included Sun Pharma and Adani Ports. Broader markets and US indices showed positive movements amid easing global trade tensions.
- Country:
- India
On Tuesday, stock markets experienced a dramatic downturn as the benchmark Sensex index fell by 1,282 points, impacted by profit-taking in IT, auto, and private banking shares.
The Sensex, consisting of 30 shares, saw a downward spiral, closing at 81,148.22, a stark contrast to its record rally the previous day. Meanwhile, the broader Nifty index dropped to 24,578.35, indicating market-wide drops.
Despite the broader market's dip, Sun Pharma and Adani Ports managed gains. Global markets presented a mixed picture, with US indices soaring due to eased trade tensions, contrasting with varied performances in Asian markets.
(With inputs from agencies.)
Advertisement
ALSO READ
Maersk Surpasses Profit Expectations Amid Global Trade Tensions
Bank of England's Rate Cut Amid Global Trade Tensions
Profit-Taking Drags Sensex Down By 1,282 Points After Record Rally
Markets Brace for Key U.S. Inflation Data as Global Trade Tensions Ease
The Dollar's Dominance: A Rollercoaster of Economic Indicators and Global Trade Tensions
Google News