Sensex tanks over 400 points in early trade; RIL plunges 4%
The Hindu
Reliance Industries (RIL) was the top loser in the Sensex pack, after the company shelved a proposed deal to sell a 20% stake in its oil refinery and petrochemical business to Saudi Aramco for $15 billion.
Mumbai, Nov 22 (PTI) Equity benchmark Sensex plunged over 400 points in early trade on Monday, tracking losses in index majors Reliance Industries, Kotak Bank and Bajaj Finance amid a weak trend in global markets and persistent foreign fund outflows.
The 30-share index was trading 435.74 points or 0.73 % lower at 59,200.27. Similarly, the Nifty fell 129.85 points or 0.73% to 17,634.95.
Reliance Industries (RIL) was the top loser in the Sensex pack, shedding around 4% after the company shelved a proposed deal to sell a 20% stake in its oil refinery and petrochemical business to Saudi Aramco for $ 15 billion.
OpenAI plans to nearly double its workforce to 8,000 from 4,500 by the end of 2026, the Financial Times reported on Saturday, citing two people with knowledge
Global equity markets plummet as West Asia tensions rise and oil prices surge, triggering significant investor anxiety.
The rupee hits a record low of 93.94 against the dollar amid foreign fund outflows and a crashing equity market.
The Thane police have arrested two co-founders of cryptocurrency exchange platform CoinDCX in connection with an alleged fraud of Rs 71.6 lakh, officials said
Meta Chief Executive Mark Zuckerberg is building a CEO agent to help him do his job, the Wall Street Journal reported
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.
L&T confirms 95% of its West Asia project sites are safe, while addressing logistics challenges amid ongoing regional conflicts.
Mines Ministry to auction 19 critical mineral blocks on March 23, expanding strategic resources for clean energy and technology sectors.
Mines Ministry to auction 19 critical mineral blocks on March 23, expanding strategic resources for clean energy and technology sectors.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.
HDFC Bank terminates three senior officials over client onboarding issues at its DIFC branch amid ethical concerns following chairman's resignation.
Air India CEO warns of potential flight cuts and reduced travel demand due to rising fuel costs amid ongoing Gulf conflict.