Sensex tanks nearly 900 pts, Nifty slips below 24,550: US debt, Middle East tensions rattle D-Street

Sensex tanks nearly 900 pts, Nifty slips below 24,550: US debt, Middle East tensions rattle D-Street

Indian stocks plunged sharply in mid-session trade Thursday, May 22, as a mix of negative global cues, stretched valuations, and disappointing earnings weighed on sentiment. During the trading session, the benchmark Sensex plunged nearly 900 points intraday to 80,710.22—its lowest level since May 12. Meanwhile, the Nifty 50 traded below the important 24,550 mark, eroding…

Read More