As of 10:22 AM, Indian equity benchmarks continued their downward trajectory, weighed down by selling across sectors. The Sensex opened at 81,212.45, hit a high of 81,224.08, and a low of 80,300.67, before settling at 80,308.91, marking a decline of 981.05 points (-1.21%) from the previous close of 81,289.96.
The Nifty followed a similar trend, opening at 24,498.35, reaching a high of 24,520.80, and falling to a low of 24,245.35, before trading at 24,265.50, down 283.20 points (-1.15%) compared to its previous close of 24,548.70.
The Bank Nifty, heavily impacted by banking stock declines, opened at 53,109.80, touched a high of 53,229.30, and dropped to a low of 52,497.50, settling at 52,528.20, a fall of 688.25 points (-1.29%) from its previous close of 53,216.45.
Key Observations:
- Sensex: Opened slightly above its previous close but saw a sharp decline throughout the session.
- Nifty: Witnessed pressure from key sectors, with its low point nearly breaching the 24,245 mark.
- Bank Nifty: Continued its downward spiral with significant selling in major banking stocks.
Investors are advised to closely monitor market conditions, with volatility expected to persist in the short term.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult financial advisors before making any investment decisions.
