Sensex sees worst week in 2 years, Rs 16 lakh crore rout on Dalal Street
Friday, 4 October 2024
Sensex suffered its worst week since June 2022, falling 4.5% due to escalating West Asia tensions and heavy foreign investor sell-offs. The market lost Rs 16.3 lakh crore in capitalization. Rising crude oil prices intensified fears of inflation, potentially delaying any rate cuts by RBI. Only the metals sector, led by JSW Steel, saw gains.
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