Third Consecutive Nifty 50 (₹) Drop Leads to Massive ₹5 Lakh Crore Loss for Investors
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- Indian stock market benchmarks, the Nifty 50 and the Sensex, ended in the red on Tuesday, May 7, despite positive global cues.
- Major Asian and European markets recorded gains on Tuesday amid renewed hopes of rate cuts by the US Fed.
- Investors remained in the selloff mode in the Indian stock market amid persisting concerns over the premium valuation of the market in the absence of fresh triggers.
Indian stock market benchmarks, the Nifty 50 and the Sensex, ended in the red on Tuesday, May 7, despite positive global cues. This article explores the reasons behind this downturn and its impact on investors.
