Stock market today: Sensex, Nifty resume downward march; HDFC Bank, ICICI Bank top drags
2 weeks, 2 days ago

Stock market today: Sensex, Nifty resume downward march; HDFC Bank, ICICI Bank top drags

Live Mint  

Stock market today: Snapping its two-day winning run, the Indian stock market's benchmark index, the Nifty 50, closed almost a per cent lower on Monday, December 30, on losses led by banking heavyweights, including HDFC Bank and ICICI Bank amid weak global cues. We suspect rising US bond yields are likely to be the biggest negative catalyst going forward, with the US 10-year US bonds yields spiking to 4.61 per cent, the highest in seven months,” Prashanth Tapse, Senior VP, Mehta Equities, observed. Sectoral indices today Among the sectoral indices, Nifty Media, Realty, Auto and Metal lost up to 2 per cent. Nifty Bank index dropped 0.70 per cent, while the PSU Bank and Private Bank indices fell 1.18 per cent and 0.63 per cent, respectively.

History of this topic

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