IT rout pushes Nifty below 23,400; Sensex drops over 300 points
Domestic benchmark equity indices opened lower on Thursday, dragged by IT stocks after Wipro forecast a decline in revenue for the April-June quarter amid tariff turmoil. The BSE Sensex was down 303 points, or 0.39%, at 76,741, while the Nifty50 slipped 114 points, or 0.49%, to 23,323 around 9:33 am. From the Sensex pack, HCL…
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Sensex crashed up to 54% in past recession years. Is India ready for a Trump-led meltdown this time?
US President Donald Trump’s steep tariffs and altering of global trade structures have shaken the stock markets worldwide and worried top Wall Street leaders. There are also growing concerns among economists that the US might slide into a recession. Trump effected a 10% blanket tariffs on nearly all countries last week even as the levies…
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No one is safe: Time-tested Tata stocks see Rs 1.5 lakh crore wiped out in Monday’s market crash
In times of crisis, investors usually flock to familiar and time-tested names. Tata Group companies fall under this category. However, a single-day crash—driven entirely by global factors—wiped out nearly Rs 1.49 lakh crore ($18.06 billion) in market capitalization within just a few hours. It serves as a stark reminder that no stock is immune during…
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