From Business Standard: 2024-04-12 06:23:00

Indian equity benchmark indices fell sharply on April 12, 2024, due to investor profit booking amid uncertainty over the US Fed rate cut timing and concerns about rising tensions between Iran and Israel. Global markets experienced volatility following higher-than-expected US CPI inflation, dashing hopes of a June rate cut. The S&P BSE Sensex dropped 793 points to 74,245, while the NSE Nifty 50 fell 234 points to 22,519. Sun Pharma and Maruti were among the top losers. TCS ended 0.5% higher ahead of its Q4 results. The broader market saw the BSE MidCap and SmallCap indices decline by around 0.5%.



Read more at Business Standard: Sensex sinks 800pts on global worries; Bharti Hexacom up 43% on debut; Maruti, Sun Pharma crack 3% | News on Markets