A Brutal Week on Dalal Street The Indian stock market recorded its steepest weekly fall in two years, driven by global concerns and domestic challenges. The Sensex plunged over 5%, shedding more than 1,000 points in three out of five trading sessions, while the Nifty 50 slipped below its 200-day exponential moving average (DEMA). This…
Introduction: A Turbulent Week for Indian Markets The Indian stock market faced a significant downturn this week, with the Sensex plunging over 4,000 points and the Nifty 50 slipping below its crucial 200-day exponential moving average (DEMA) of 23,700. On Friday, December 20, 2024, the Sensex opened at 79,335.48 but dropped over 1,200 points to hit a low of 77,972.68, while the Nifty 50 fell nearly 400 points to 23,565. With heavyweights such…
The Indian stock market has been in turmoil this December, dashing investor hopes for a year-end rally. With Nifty and Sensex slipping for four straight sessions, the losses have amounted to a staggering Rs 10.5 lakh crore in investor wealth. Market experts attribute the downturn to hawkish commentary from the US Federal Reserve, which sparked…
