Indian Markets Witness Biggest Fall Since Pandemic as Nifty Sheds 460

17 Jan 2024 , 03:51 PM

The market experienced its most significant single-day decline in the past 1.5 years, with the Nifty falling below 21,600.

At the close, the Sensex recorded a drop of 1,628.01 points or 2.23%, settling at 71,500.76, while the Nifty witnessed a decrease of 460.30 points or 2.09%, closing at 21,572. Among the listed stocks, 998 advanced, 2238 declined, and 50 remained unchanged.

The major losers on the Nifty included HDFC Bank, Tata Steel, Kotak Mahindra Bank, Axis Bank, and Hindalco Industries. On the flip side, the gainers were HCL Technologies, SBI Life Insurance, Infosys, LTIMindtree, and TCS.

Across sectors, except for Information Technology, all other indices concluded in the negative territory. The banking index saw a decline of 4%, while the auto, metal, oil & gas, and realty sectors experienced a 1-2% decrease.

Both the BSE Midcap and Smallcap indices witnessed a 1% decline each.