Stock Market Bloodbath: Sensex Falls Nearly 2,400 Points; Nifty Drops Over 400 Points Due To Global Trends
Monday, 5 August 2024 Indian stock markets witnessed massive fall in tandem with its Asian peers, led by geopolitical tensions and Bank of Japan's rate hike and yen appreciation.
Spooked in part by a looming recession under the policies of Joe Biden and Kamala Harris in the United States, the Japanese stock market panicked on Monday and suffered its worst single-day sell-off in history, losing even more points than it did on “Black Monday” in October 1987.
This expectation is now under threat with the fall in US job creation in July and the sharp rise in the US unemployment rate to 4.3 per cent. Geopolitical... DNA
New Delhi: A day after the massive bloodbath at Indian stock markets, there was a recoup in investors sentiments. Sensex jumped 1,092.68 points to 79,852.08 in... Zee News Also reported by •Mid-Day
Monday, 5 August 2024
