Share Market Crash Highlights: Nifty ends below 17900, Sensex sheds 770 pts; Bank Nifty falls 2.5%, PSU Bank tanks over 3.5%

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended deep in red on Wednesday falling below the crucial levels on the monthly F&O expiry day. The bloodbath on the Dalal-street pulled all the broader and sectoral indices down. The BSE Sensex crashed 773.69 points or 1.27% to 60,205.06 and NSE Nifty 50 tanked 226.35 pts or 1.25% to 17,891.95. Meanwhile, Adani group stocks fell 2-6% intraday after Hindenburg Research said that it holds short positions in Adani Group companies through U.S.-traded bonds and non-Indian-traded derivative instruments.  In the sectoral indices, Bank Nifty fell 2.54%, Nifty PSU Bank tanked 3.58%, Nifty IT dropped 0.90% and Nifty Pharma dipped 1.22%.

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World Bank Downgrades East Asia's Growth Forecast Due to China's Slowdown

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The World Bank has lowered growth forecasts for East Asia's developing economies, primarily due to a slowdown in China. This adjustment is expected to result in one of the region's slowest growth rates in five decades, attributed to various factors including tumbling retail sales, stagnant house prices, increased household debt, and trade tensions.

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