India's stock market plunges over 1% due to a weak rupee, high oil prices, and US employment data.

India's stock market saw a severe drop on Monday, with the Sensex and Nifty indices falling by over 1% each. This decline was driven by a combination of factors including a weak rupee, surging global oil prices, and strong US employment data reducing expectations for rate cuts. Foreign institutional investors also sold off substantial equity, adding to the market's downturn. The total market capitalization of BSE-listed firms dropped below Rs 4.17 lakh crore, reflecting a significant loss in investor wealth.

2 months ago
137 Articles

Further Reading