HDFC Bank, Axis Bank Drag Sensex Down Amid Margin Concerns, US-Iran Tensions

Sensex, Nifty open lower as HDFC Bank drags; IT stocks cap losses

Benchmark indices opened marginally lower on Tuesday as HDFC Bank extended its losses and crude-linked caution persisted. Gains in IT stocks and strength in the broader market helped limit the pressure on benchmarks.

HDFC Bank, Axis Bank drag Sensex down amid margin concerns, US-Iran tensions

Indian benchmark indices, Sensex and Nifty, closed lower due to significant selling in HDFC Bank and Axis Bank shares, driven by margin-related concerns and escalating US-Iran tensions, which also pushed crude oil prices higher.

Sensex drops 443 points, Nifty 50 ends at 24,238. What drove the stock market down? Explained

The Sensex declined 443 points, or 0.57%, to close at 77,708.52, while the Nifty 50 shed 96 points, or 0.39%, to settle at 24,238.50. The Nifty Midcap 100 index climbed 0.60%, while the Smallcap 100 index rose by 0.16%.

Stock Market Highlights, Jul 20: Sensex drops 442 pts to end at 77,708, Nifty closes below 24,240; Axis Bank, HDFC Bank fall most

Sensex, Nifty, Share Prices Highlights: The 30-share BSE Sensex declined 442.93 points, or 0.57 per cent, to settle at 77,708.52. The 50-share NSE Nifty edged lower by 95.80 points, or 0.39 per cent, to end at 24,238.50.

Sensex falls 443 points as HDFC Bank, Axis Bank plunge over 5%

Mumbai: Indian equity benchmarks ended lower on Monday as sharp selling in private bank shares erased gains in public sector banks, pharmaceuticals and select heavyweight stocks. The 30-share BSE Sensex declined 442.93 points, or 0.57 per cent, to settle at 77,708.52. The NSE Nifty 50 fell 95.80 points, or 0.39 per cent, to close at 24,238.50. Private banking stocks came under heavy selling pressure after investors reacted negatively to the June…