Indian stock markets experienced a significant downturn on Tuesday, with the Sensex and Nifty shedding substantial investor wealth. This decline was fueled by a sharp sell-off in South Korea's Kospi index, renewed fears of US Federal Reserve rate hikes due to rising oil prices, and a resumption of selling pressure in IT stocks. The weakening Indian rupee also contributed to the negative sentiment, prompting profit-taking among investors.
Indian stock markets experienced a significant downturn on Tuesday, with the Sensex and Nifty shedding substantial investor wealth, totaling a Rs 6 lakh crore rout. This decline was primarily driven by weak global cues, including a sharp sell-off in South Korea's Kospi index.…
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