2,448 pts gone in Sensex in four days, investors poorer by Rs 9.8 lakh crore as D-Street sinks to five-month lows
Indian equity benchmarks Sensex and Nifty50 extended losses to the fourth back-to-back session on Tuesday to hit five-month closing lows. Gains across a majority of sectors in the Indian share market weighed on the headline indices, with financial and IT shares being the biggest drags. Globally, investors awaited a key US inflation reading to assess the future course of interest rates amid a banking shares-led sell-off across global markets following the collapse of US-based startup lender Silicon Valley Bank (SVB).
Sensex and Nifty50 logged their weakest closing levels since October 13, 2022. | Image: Reuters