Taking Stock: Bloodbath on D-Street! Investors loses nearly Rs 6 lakh cr; Sensex plunge 2000 pts
Episode 2472, May 04, 2020, 12:05 PM
Weak global cues, muted results from India Inc., zero sales from top auto manufacturers, an extension of lockdown by another 2-weeks and contraction in manufacturing activity led to profit-taking on D-Street on Monday after a sharp 14 percent rally seen in benchmark indices in April.
The market snapped its 4-day gaining streak and erased over 80 percent of last week’s gains on Monday. Benchmark indices recorded their biggest single-day fall in two weeks, CNBC-Tv18 reported.
The market snapped its 4-day gaining streak and erased over 80 percent of last week’s gains on Monday. Benchmark indices recorded their biggest single-day fall in two weeks, CNBC-Tv18 reported.