Stock market crash, Jan. 20 -- Several headwinds in the form of tepid corporate earnings, rising geopolitical tensions, and sustained foreign investor outflows hit the Indian stock market on Tuesday, resulting in a broad-based selloff.
Today's stock market crash pushed the Sensex and Nifty to over three-month lows after falling 1.28% and 1.38%, respectively. The selloff was far more pronounced in the broader market, with small-cap and mid-cap indices plunging over 2.5% each. The sharp decline erased investor wealth worth Rs.9,86,093 crore as intense selling pressure swept across Dalal Street.
A majority of the Nifty 50 companies that have reported December-quarter earnings have disappointed. The earnings by Reliance Industries and ICICI...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.