Market Report: January 17th: 11:05 am
Today, the stock market faced a significant downturn. The Sensex began the day at 71,998, marking a substantial drop of 1,130 points. Similarly, the Nifty also experienced a decline, opening at 21,647 with a drop of 384 points. During the early trading hours, 26 out of 30 shares in the Sensex showed a decline, with only 4 registering gains. Notably, auto and banking shares were hit hard, with HDFC Bank shares plummeting by over 5%.
Experts attribute the market's downturn to escalating tensions in the Middle East, including the Israel-Hamas conflict, as well as rising geopolitical tensions in Iran and Pakistan.
Previous Market Movement: January 16th
Yesterday, on January 16th, the stock market also saw a decline. The Sensex closed at 73,128, marking a decrease of 199 points, while the Nifty closed at 22,031 with a decline of 65 points. Among the 30 shares in the Sensex, 19 experienced a decline, while 11 showed gains.
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