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Investors' wealth eroded by Rs 9.65 lakh crore in four days of sharp decline in the equity market where the BSE benchmark Sensex tanked 2,915 points.

Investors' wealth erodes by Rs 9.65 trillion in 4 days of market selloff

Press Trust of India

The offer received bids for 2.87 crore shares as against 1.39 crore shares on offer.

Transrail Lighting IPO subscribed 2.07 times

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Zomato share price: Thus far in the calendar year 2024, Zomato share price has more-than-doubled investors' wealth as they have zoomed 135 per cent

Zomato m-cap pips that of Tata Motors, Bajaj Auto; analysts stay bullish

Business Standard


Key equity benchmarks tumbled for the fourth consecutive day on Thursday, fueled by negative global sentiment. The Federal Reserve's decision to slash interest rates by 25 basis points on Wednesday, its third consecutive rate reduction, provided some respite. However, the central bank's hawkish stance, signaling fewer rate cuts in 2025 due to persistent inflation and a robust economy, dampened market spirits.


Indices slump 4 days straight, Fed's hawkish tone weighs

Quick Wrap: Nifty Pharma Index gains 1.72%, NIFTY Crashes  1.02%


The Indian rupee dropped 14 paise and breached the crucial 85 level to close at an all-time low of 85.08 (provisional) against the US dollar on Thursday, as a hawkish stance from the US Federal Reserve sparked a broad dollar rally. The US Federal Reserve cut interest rates by 25-bps to 4.5 per cent, in line with estimates. However, it signalled only two rate cuts in 2025 from its previous expectations of four rate cuts. Sharp spike in US dollar overseas coupled with weak local equities added pressure on the local unit. The benchmark S&P/BSE Sensex ended the session down 964.15 points, or 1.20 percent, at 79,218.05 - extending losses for the fourth consecutive session amid a global selloff. The broader NSE Nifty index closed at 23,951.70, down 247.15 points, or 1.02 percent, from its previous close.


INR settles at all time low beyond 85 per dollar mark

The offer received bids for 0.56 crore shares as against 1.26 crore shares on offer.

Sanathan Textiles IPO subscribed 45%

The offer received bids for 29.79 lakh shares as against 50.15 lakh shares on offer.

Concord Enviro Systems IPO subscribed 59%

The offer received bids for 8.53 crore shares as against 51.78 lakh shares on offer.

Mamata Machinery IPO subscribed 16.48 times

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