.
New Delhi, April 18 (MondayMirror.com) Equity investors have shedded around Rs 2.5 trillion on Monday as the benchmark indices took a deep dive.
All India market capitalisation of BSE-listed companies are currently at 2,69,58,392 crore, against 27,212,168 crore on April 13. Equity markets were closed on Thursday and Friday on account of Dr. Baba Saheb Ambedkar Jayanti/Mahavir Jayanti and Good Friday, respectively.
Continuing its downtrend from the morning session, benchmark Sensex and Nifty indices plunged around 2 per cent each at the writing of this report.
A rise in inflation as well as a fresh spike in global crude oil prices seemed to have dented investors’ sentiment.
Consumer Price Index or retail inflation rose steeply in March to 6.95 per cent, which was above Reserve Bank of India’s upper tolerance band of 6 per cent for three consecutive months.
Also, earnings of HDFC Bank and Infosys for Q4 coming short of market expectations hurted investor confidence, said analysts.
Shares of these major Indian companies declined 5 per cent and 7 per cent, respectively, on Monday, exchange data showed.
Source: IANS
EDUTHON 6.0 brought more than 1,200 school leaders, educators, policymakers, entrepreneurs, educationists and industry representatives…
The Confederation of Indian Industry (CII), Chandigarh, organised an interactive session on the recommendations of…
Aakash Education Services Limited, one of India’s leading test- preparation providers, has announced the strengthening…
District receives honours for organising 90 camps in which over 6,000 units of blood were…
The second day of the three-day 48th Annual Chandigarh Sangeet Sammelan, organised by the Indian…
Product quality, a missing shutter, and uncertainty over replacement raise concerns about after-sales service. CHANDIGARH…