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Monday, April 29, 2024

Sensex sinks 770 pts, Nifty gives up 17,550 amid global sell-off; PSBs soar

CLOSING BELL

Stock market highlights: Equities and commodities fell on Thursday as global growth concerns weighed on investor sentiment. Besides, a weaker-than-expected domestic Q1FY23 GDP (gross domestic product) data, along with marginal downtick in Manufacturing PMI for August, worried market participants. 


The S&P BSE fell 1,014 points intra-day before closing at 58,766.5, down 770.5 points or 1.29 per cent. The Nifty50, too, hit a low of 17,468 before ending 216.5 points, or 1.22 per cent, lower at 17,543. 

Reliance Industries tanked 3 per cent today, contributing nearly 30 per cent of the losses on the . Other losers included TCS, Sun Pharma, Tech M, HUL, Infosys, NTPC, HDFC, Bajaj Finance, Tata Steel, Power Grid, and ICICI Bank. All these shares shedded over 1.5 per cent…

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