The benchmark indices, S&P BSE Sensex and NSE Nifty 50, continued their downward trend for the third consecutive day, primarily driven by a more than 3 percent fall in HDFC Bank shares following disappointing results for the December quarter.
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The subdued global market conditions and the ascent of US treasury yields to a 5-week high further dampened investor sentiment on Thursday. Analysts anticipate ongoing weakness in the benchmark indices in the short term, with expectations of the Bank Nifty index remaining rangebound.
As of 9:15 am, the BSE Sensex experienced a 0.5 percent decline, reaching 71,118 levels, while the NSE Nifty 50 registered a 0.6 percent drop, reaching 21,427.
