Sensex sinks more than 1,000 points ...Middle East

New Delhi: BSE Sensex plunged more than 1,000 points on Wednesday led by losses in HDFC Bank. Sensex is down 1,044 points at 72,084 points. HDFC Bank plunged 6 per cent after its results and several bank stocks are also down. Kotak Mahindra is down more than 2 per cent, Tata Steel is down 2 per cent, ICICI Bank is down 2 per cent. Market is likely to turn slightly weak in the near-term, getting impacted by some negative global and domestic cues, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services. The global negativity will come from the rising bond yields in the US (the 10-year yield is at 4.04 per cent) responding to concerns that the sharp rate cuts expected fro

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Last updated : 17 January 2024 clock 09:52 AM

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Sensex sinks more than 1,000 points ...Middle East

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