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Indian stocks experienced their most significant drop in nearly four years on Tuesday, driven by preliminary election results indicating that Prime Minister Narendra Modi’s alliance might not secure the expected landslide victory. The NSE Nifty 50 index closed 5.45% lower at 21,995 points, and the S&P BSE Sensex declined by 5.10% to 72,562 points. Both
On Monday, the Indian stock market benchmark indices, Sensex and Nifty 50, surged to record high levels buoyed by optimism that Prime Minister Narendra Modi will secure a third term in office. Several exit polls have indicated that the BJP-led alliance is likely to win the 2024 Lok Sabha elections with a commanding majority. Analysts
Zomato’s stock price experienced a 6% decline in early trading on Tuesday following the company’s announcement of its Q4 results. Zomato shares plummeted by as much as 5.98% to ₹182.10 each on the BSE. The food delivery platform disclosed a consolidated net profit of ₹175 crore in the fourth quarter of FY24, a significant improvement
Shares of Tata Motors Ltd experienced a significant decline during Monday’s trading session following the release of a mixed set of financial results for the March 2024 quarter. The immediate market response reflected disappointment as the automotive giant fell short of Q4 estimates, coupled with a subdued outlook for its Jaguar Land Rover (JLR) segment.
