Author name: BNW News

BSE
Markets

Why Did Sensex Plunge 950 Points Intraday Today?

On Monday, the BSE Sensex experienced a significant drop, plunging as much as 962 points or 1.17% to 80,726.06 during intraday trading. The NSE Nifty50 also fell sharply by 244 points or 0.97%, reaching 24,770 levels. Despite opening in the green, both indices quickly erased their gains and slipped deep into negative territory.

close up of cash
Banking, Economy

India’s forex reserves jump $12.588 billion to hit record high of $704.885 billion

India’s forex reserves jumped by $12.588 billion to a new all-time high of $704.885 billion for the week ended September 27, the Reserve Bank said on oCtober 4.

The overall kitty had swelled by $2.838 billion to $692.296 billion in the previous reporting week.

The $12.588-billion surge would be one of the highest weekly rises ever, and this is the first time the reserves have crossed the $700-billion mark.

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