Sensex Sinks Over 1,200 Points, Nifty Nears 23,050: A Brutal Day for Indian Markets
The Indian stock markets had a grim day on Tuesday, with the BSE Sensex plummeting over 1,200 points and the Nifty50 briefly dipping below the critical 23,000 mark. By the end of the trading session, the Sensex closed at 75,838.36, down 1,235 points (1.60%), while the Nifty50 settled at 23,045.30, losing 299 points (1.28%). This […]
Zomato’s 15% Tumble: Growth Ambitions Meet Profitability Challenges
The stock market isn’t kind to companies juggling rapid expansion and profitability—a reality Zomato felt sharply as its stock shed 15% of its value in less than a day. The culprit? Its high-growth but high-cost quick commerce arm, Blinkit, which is proving to be both a strength and a strain. Aviral Bhatnagar, Founder and Managing […]