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Sensex tumbles over 1,200 points amid economic slowdown fears from Q3 results

share-iconTuesday, January 07 comment-icon2 weeks ago 6 views
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indiatimesINDIATIMES
Sensex tumbles over 1,200 points amid economic slowdown fears from Q3 results

Credited from: INDIATIMES

  • The Sensex fell by 1,258 points (1.6%) to 77,965, influenced by disappointing quarterly results.
  • Banking and consumer sectors were the main contributors to the decline, with all sub-sectors ending in the red.
  • Small- and mid-cap indices saw declines of around 3%, reflecting widespread market downturn.
  • The rupee reached a record low of 85.83 against the dollar, prompting foreign investor concerns.
  • Analysts remain cautious with global economic uncertainties, although some investment banks are optimistic about India's long-term growth.

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Sensex Economic slowdown Q3 results Market decline Financial news
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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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