Sensex slips below 79,000, a 3-month low, on foreign selling

The Sensex plummeted by 821 points, closing below the 79,000 mark due to widespread selling triggered by disappointing corporate earnings and foreign fund outflows. Banking stocks bore the brunt of the sell-off, while IT stocks showed resilience. The market decline eroded investor wealth by Rs 4.5 lakh crore.

Nov 13, 2024 - 01:30

Sensex slips below 79,000, a 3-month low, on foreign selling

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The Sensex plummeted by 821 points, closing below the 79,000 mark due to widespread selling triggered by disappointing corporate earnings and foreign fund outflows. Banking stocks bore the brunt of the sell-off, while IT stocks showed resilience. The market decline eroded investor wealth by Rs 4.5 lakh crore.