The only other countries that have a stock market capitalisation of more than $3 trillion are the US, China, Hong Kong, Japan, the UK, France, and Canada
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BENGALURU (Reuters) - Indian shares fell sharply on Monday as Delhi imposed a lockdown to stem surging coronavirus cases, reinforcing fears of further economic pain from restrictions induced by the virus.
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 1, 2020. REUTERS/Francis Mascarenhas/Files
The NSE Nifty 50 index was down 1.77% at 14,359.45 and the S&P BSE Sensex fell 1.81% to 47,949.42.
Delhi’s government on Monday ordered a six-day lockdown as its healthcare system crumbled under the weight of new infections. The financial hub of Mumbai is already under a lockdown since April 15.
Sensex Drops 883 Points, Nifty Ends Below 14,400 On Rising Covid-19 Cases All the 11 sector gauges, barring the index of drug makers, compiled by the National Stock Exchange ended lower.
Updated: April 19, 2021 3:41 pm IST
Indian equity benchmarks snapped their three-day winning streak and fell sharply on Monday as rising coronavirus infections amid shortage of essential medicines and oxygen weighed on investors sentiment. The Sensex dropped as much as 1,469 points to hit an intraday low of 47,362.71 and Nifty 50 index dropped below its important psychological level of 14,200. Shortage of oxygen, vaccines and essential medicines amid rising Covid-19 infections led to imposition of lockdowns in many parts of the country which may hamper the economic recovery and led to a selloff in equities, analysts said.