Finance & Stock Market
Today's Stock Market: Sensex, Nifty Maintain Losses Into Day Three As HDFC Bank and Lindtree Continue to Drag
By - 18 Jan 2024 05:03 PM
Sensex and Nifty Continue To Fall Into Day Three Closing Bell As HDFC Bank, LTIMindtree Drag Standardization Due to a decline in HDFC Bank and LTIMindtree shares following their December quarter results, Indian indices witnessed their third day of losing gains. The Nifty 50 and Sensex have both dropped by almost 3% over the past three days. The Sensex finished today at 71,186.86, down 313.90 points, or 0.44%, and the Nifty 50 closed at 21,465.25, down 106.70 points, or 0.49%.
"The Index has formed a spinning top candlestick pattern which indicates a reversal of trend and to confirm the same, the Index needs to breach the hurdle of 21,530 while the immediate support is placed at today's low i.e. 21,285," said Aditya Gaggar, director of Progressive Securities.The index was dragged by Asian Paints Ltd., Titan Co Ltd., NTPC Ltd., HDFC Bank Ltd., and LTIMindtree Ltd. In the meantime, the index was positively impacted by Sun Pharmaceutical Industries Ltd, ICICI Bank Ltd, Reliance Industries Ltdz, Larsen & Toubro Ltd, and Axis Bank Ltd.
