Sensex tanks 525 points on global selloff; Nifty drops below 17,400
The Hindu
Tata Steel was the top loser in the Sensex pack, followed by SBI, IndusInd Bank, HDFC, Dr. Reddy’s and M&M.
Equity benchmark Sensex plunged 525 points on Monday, led by losses in index majors HDFC twins, Tata Steel and ICICI Bank amid a selloff in global markets.
The 30-share BSE index ended 524.96 points or 0.89% lower at 58,490.93. Similarly, the broader NSE Nifty tumbled 188.25 points or 1.07% to 17,396.90.
Tata Steel was the top loser in the Sensex pack, sinking nearly 10%, followed by SBI, IndusInd Bank, HDFC, Dr. Reddy’s and M&M.
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Insurance penetration and density are often misunderstood and do not reveal how many families are insured or whether they would be financially secure if the main earning member were to die. The real issue is not reach but adequacy, as households may have life insurance but not enough cover to replace lost income, leaving them financially vulnerable.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.
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Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.
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