Published Oct 6, 2024 at 5:21 PM IST
Worst week in two years for Indian stock markets
This week, the Nifty 50 and Sensex saw their steepest decline since June 2022, both dropping over 4%, driven by global uncertainty and geopolitical tensions. Key contributors to this downturn included Hero MotoCorp, Axis Bank, and Shriram Finance. Global factors like the Israel-Palestine conflict and rising oil prices added pressure, with Brent crude surging nearly 10%.