Sensex Fell by 2.92%

Oct 23, 2010, 17:22 IST

With President Barack Obama placing trading and investment curbs on US banks, the banks downsized their lending portfolios and asked hedge funds to return their money. Hedge funds in turn unwinded in the overseas markets.

With President Barack Obama placing trading and investment curbs on US banks, the banks downsized their lending portfolios and asked hedge funds to return their money. Hedge funds in turn unwinded in the overseas markets. This directly effected the Indian Market. The equity market was pulled down for the sixth consecutive trading day on 27 Jan 2010 due to uncertainities on the global and domestic fronts. The 30-stock Sensex closed at 16289 falling by 2.92 per cent. It fell by 1423 points in the period between 21 Jan to 27 Jan 2010.

Jagranjosh
Jagranjosh

Education Desk

Your career begins here! At Jagranjosh.com, our vision is to enable the youth to make informed life decisions, and our mission is to create credible and actionable content that answers questions or solves problems for India’s share of Next Billion Users. As India’s leading education and career guidance platform, we connect the dots for students, guiding them through every step of their journey—from excelling in school exams, board exams, and entrance tests to securing competitive jobs and building essential skills for their profession. With our deep expertise in exams and education, along with accurate information, expert insights, and interactive tools, we bridge the gap between education and opportunity, empowering students to confidently achieve their goals.

... Read More
Get here latest daily, weekly and monthly Current Affairs and GK in English and Hindi for UPSC, SSC, Banking, Railway, Defence and exams. Download Jagran Josh Current Affairs App.

Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

AndroidIOS

Trending

Latest Education News