Frontline indices, the Sensex and the Nifty 50, ended with significant losses on Thursday, August 28, extending their decline for the second consecutive session amid concerns that the 50 per cent US tariffs on Indian goods could dent the country’s economic growth by up to 1 per cent if they persist for a longer period.
The Sensex closed with a loss of 706 points, or 0.87 per cent, at 80,080.57, while the Nifty 50 settled 211 points, or 0.85 per cent, lower at 24,500.90. The BSE Midcap and Smallcap indices crashed by 1.09 per cent and 0.96 per cent, respectively.
Investors lost about ₹4 lakh crore in a day as the overall market capitalisation of BSE-listed firms dropped to ₹445.3 lakh crore from ₹449.4 lakh crore in the previous session.
(This is a developing story. Please check back for fresh updates.)
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