Stock market today: Nifty 50, Sensex suffer biggest single-day loss since June 2022
HDFC Bank share price plunged over 8 per cent on Wednesday even as the bank reported in-line Q3 numbers
HDFC Bank share price plunged over 8 per cent on Wednesday even as the bank reported in-line Q3 numbers
The domestic market benchmarks ended higher for the fifth consecutive session
Sensex was at 71,620, while the Nifty was flat 21,620. The Indian rupee was flat at 83.03 per US dollar
Key equity indices the Sensex and the Nifty 50 ended with gains for the second consecutive session on Friday
Mounting geopolitical tensions are weighing on market sentiment as the hopes of rate cuts taper off
As of December 26 closing, Sensex has gained 17.3 per cent while the Nifty 50 has jumped 18.4 per cent this year
Domestic market sentiment has been broadly positive lately on healthy macroeconomic prints
Market observers attributed the crash to profit booking and view the correction as long overdue over stretched valuation of mid- and small-cap stocks