Singapore’s CapitaLand Commits to Significant Growth in India
On August 2, equity indices plummeted as rating agency Fitch abruptly lowered the United States’ sovereign credit rating, frightening investors around the world and causing a market meltdown.
After falling 1,000 points intraday, the BSE Sensex recovered some of its losses to finish 676.53 points or 1.02 percent lower at 65,782.78, while the broader NSE Nifty fell 207 points or 1.05 percent to 19,526.55.
Domestic investors lost Rs 3.56 lakh crore, with the market capitalization of all BSE-listed companies being at Rs 303.24 lakh crore, down from Rs 306.80 lakh crore on August 1.
Reliance Industries lost Rs 18,539 crore in market capitalization in the Sensex pack, followed by HDFC Bank (Rs 15,354 crore), Tata Motors (Rs 7,675.10 crore), Bajaj Finserv (Rs 7,223.41 crore), and Tata Steel (Rs 5184.25 crore).
Nestle India, HUL, Asian Paints, and Tech Mahindra were the only four companies that defied the trend.
Seoul, Tokyo, Shanghai, and Hong Kong all finished lower in Asian markets.
The European markets were in the red. On Tuesday, the US markets finished mostly in the red.
According to exchange statistics, FIIs sold equities worth Rs 92.85 crore on Tuesday.
Brent crude rose 0.80% to $85.59 a barrel.
The BSE benchmark fell 68.36 points, or 0.10 percent, to 66,459.31 in very volatile activity on Tuesday. The Nifty dropped 20.25 points, or 0.10 percent, to close at 19,733.55.
Also read: China’s New Children’s Internet Addiction Regulations
Manohar Lal Khattar expressed strong confidence in the Bharatiya Janata Party’s (BJP) chances of victory…
The Iran-Israel conflict has driven gold prices up this week, with strong investor demand despite…
Death toll from the recent encounter in Dantewada district has risen to 31. Meanwhile, security…
Lamba criticized the BJP-led central government for delaying the women's reservation bill, which would increase…
SpiceJet faces legal trouble as the EOW of Delhi Police initiates a case against Managing…
Arvind Kejriwal appealed people of Haryana to cast their votes for a brighter future for…