Sensex tumbles 254 points; HDFC twins weigh
The Hindu
BSE Sensex closed 254.33 points or 0.43% lower at 59,413.27; NSE Nifty declined 37.30 points or 0.21% to 17,711.30
Equity benchmark Sensex dropped 254 points on September 29 following losses in index majors HDFC twins, Reliance Industries and ICICI Bank.
The 30-share BSE benchmark closed 254.33 points or 0.43% lower at 59,413.27. Similarly, the NSE Nifty declined 37.30 points or 0.21% to 17,711.30.
HDFC was the top loser in the Sensex pack, shedding nearly 2%, followed by Kotak Bank, Asian Paints, UltraTech Cement, HDFC Bank, HUL and Tech Mahindra.
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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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