Closing Bell: Sensex, Nifty Down 0.25% a Day After Meta Loses $237 Billion
On 3 February, tech giant Meta saw an unprecedented single-day plunge of 26% – over $237 billion – in its stock.
Benchmark indices ended low on Friday, 4 February, amidst mixed cues post Budget session. At closing, the Sensex was down 143.20 points or 0.24 percent at 58,644.82, and the Nifty was down 43.90 points or 0.25 percent at 17,516.30.
Sectorally, the BSE Realty index was the worst hit – 2.83 percent.
Sharda Cropchem, DCM Shriram, Hindustan Copper, and Torrent Power were among the top gainers on the NSE indices, while ONGC and Sun Pharma were trading in the green on the BSE indices.
On the other hand, Godrej Properties, Venky's (India), and Radico Khaitan, who were trading in a sea of red, were among the top losers on the BSE indices, while Hero MotoCorp, NTPC, and SBI traded in the red on the NSE indices.
The broader indices too ended with losses in the range of 0.7-1.7 percent.
On Thursday, 3 February, tech giant Meta (formerly Facebook) saw an unprecedented single-day plunge of 26 percent – over $237 billion – in its stock.
On Friday morning at 9:45 am, Zomato saw a fall of 0.70 percent, trading at Rs 96.40 on the NSE index, while PayTM was up 0.74 percent at Rs 951.50.
Fashion e-commerce company Nykaa saw an incline of 0.29 percent, while Wipro was down 0.54 percent at Rs 575.15.
Meanwhile, Bitcoin was up 8,705.19 points up on Friday morning, trading at 27,88,565.30.
After the crash on Thursday, Facebook CEO Mark Zuckerberg lost 23.34 percent of his net worth. At $87.7 billion, he slipped to the 12th position in the Forbes real-time billionaires index – marginally behind India's Mukesh Ambani and Gautam Adani.
(With inputs from Economic Times.)
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