Sensex experiences a significant 900- point drop, slipping below the historic 71,000 mark after a strong month in December 2023. Let's try to understand the reasons behind the major fall
INDIAN STOCK MARKET EXPERIENCED A DECLINE TODAY, WITH BANK, METAL, AND AUTO STOCKS IN THE RED. NOTABLY, MAJOR IT AND BANK STOCKS, EXCLUDING HDFC, SAW MARGINAL DECLINES ON DECEMBER 20. EXPLORE THE REASONS BEHIND THE MARKET FALL.
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COVID-19 cases surge in India as new sub-variant JN.1 emerges in Kerala, posing a renewed threat to markets after the March 2020 lockdown.
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Sensex plummeted due to significant Foreign Institutional Investors (FIIs) selling ₹601.52 crore worth of Indian shares in the recent market session. Conversely, Domestic Institutional Investors (DII) purchased ₹294 crore, contributing to the overall decline.