Sensex falls over 1,000 points, Nifty slides nearly 300 points
Business
The Indian stock market had a rough Thursday, with the Sensex falling over 1,000 points and the Nifty sliding nearly 300 points.
The drop came after days of gains, as investors decided to lock in profits.
Early optimism from possible U.S.-Iran talks faded quickly, leading to a choppy trading day.
Dr VK Vijayakumar advises quality stocks
Some sectors like metals and IT held up well, while big names like Reliance Industries and HDFC Bank took a hit. Rising oil prices also made traders cautious.
Dr VK Vijayakumar from Geojit Investments suggested sticking with strong companies that can handle these ups and downs, especially since mid- and small-cap stocks have been outperforming large caps even as foreign investors pull back from large caps.