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Sensex crashed about 1100 points intraday and went below the 73,000 mark while Nifty was under the 22,000 mark today. At the time of closing, Sensex recovered a bit but was still down 906 points. Nifty was down 338 pts. The market capitalisation of all BSE-listed stocks fell by Rs 14 lakh crore to Rs 372 lakh crore.…
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The indices were dragged by the Bajaj twins and IT stocks today. IT companies earn a major share of their revenue from the US. Investors are cautious and are waiting for clues on rate hikes. Fed Chair Jerome Powell's congressional testimony and key labor market data are also due later in the week.Oleh ETMarkets
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Weakness in broader markets and small caps added to this too. The Nifty Smallcap 100 index settled with declines of over 4% with just 10 stocks closing in the green in the 100-stock index. The top gainers were Jubilant Ingrevia, Medanta operator Global Health and JBM Auto, which ended with gains of 13%, 6.32% and 4.20%, respectively.…
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On June 24, 1999, the Air Force sent out a pilot tasked with bombing Point 4388 in Kargil. But the pilot ended up aiming at a Pakistani military base in Gulteri. Fortunately, the flight systems were designed as one pilot had to go first and set the target and then another plane would follow that had the actual fireworks.…
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The high thrum of shelling reverberated in thin air as men of the Indian Army climbed a straight cliff of about 1000 ft, the last leg of a 16,700 feet height. An entire contingent of Pakistani Army was up there, responding in kind to the shelling from the Indian plains ahead. The game was afoot.Oleh The Economic Times
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