Sensex drops 208 pts, Nifty a tad above above 12,100; HDFC falls 2%

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Sensex falls for 3rd day, down 208 pts; Nifty ends a tad above 12,100; HDFC drops 2%, IT stocks rally.

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Watch Sensex drops 208 pts, Nifty a tad above above 12,100; HDFC falls 2% With HD Quality.

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    Sensex falls for 3rd day, down 208 pts; Nifty ends a tad above 12,100; HDFC drops 2%, IT stocks rally.

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    Breaking its four-day rising spree, the BSE Sensex ended over 100 points lower Thursday on selling in banking shares amid negative cues from other Asian markets. After a volatile session, the 30-share index settled 106.41 points, or 0.29 per cent, down at 36,106.50, while the broader NSE Nifty fell 33.55 points, or 0.31 per cent, to finish at 10,821.60. The fall was led by banking stocks, with IndusInd Bank, Kotak Bank, Federal Bank, Axis Bank, ICICI Bank, HDFC Bank and SBI declining up to 2.36 per cent .

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    Equity benchmarks racked up losses for the fifth straight session on Wednesday as risk sentiment remained fragile after IMF slashed India's growth outlook. The 30-share BSE Sensex tumbled 135.09 points or 0.36 per cent to close at an over two-month low of 37,847.65. Similarly, the broader NSE Nifty dropped 59.75 points or 0.53 per cent to 11,271.30. This has been the longest losing streak for the indices since early May. The Sensex has now lost 1,049.81 points, or 2.69 per cent, in five sessions, while the Nifty has shed 325.60 points or 2.80 per cent.




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    - Legal Advisor: Vishal Taneja

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    - ASHI, Haryana's website - https://ashi-haryana.org/

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