HomeMarket NewsStock Market Highlights: Sensex tanks over 1,200 points, Nifty ends below 23,650 amid broad sell-off
By CNBCTV18.COM | Jan 6, 2025 3: 54 PM IST (Updated)
Sensex Today | Stock Market Highlight: The Sensex tumbled 1,258 points to close at 77,965, while the Nifty slumped 389 points to settle at 23,616, breaching key technical levels, including the 20-day and 50-day moving averages.
Sensex Today | Stock Market Highlights: The Indian equity markets witnessed a sharp sell-off on Monday, with the benchmark indices ending near the day’s lows. The broader market underperformed, with the Nifty Smallcap 100 index plunging more than 3%. The Nifty Midcap 100 also took a significant hit, shedding 1,564 points to close at 56,367.
All sectoral indices ended in the red, with the Nifty PSU Bank index leading the losses, down 4%. Most banking stocks were under pressure following muted quarterly updates, with Union Bank of India falling nearly 8%. Kotak Mahindra Bank slipped over 3% after the resignation of its COO and CTO.
Bucking the overall week sentiment, Nyk