Banks, consumer stocks drag share market down
Hindustan Times East UP|January 07, 2025
Nifty fell 1.62% to 23,616.05 points while Sensex slid 1.59% to 77,964.99
Reuters

Indian shares dropped on Monday, dragged mainly by banks and consumer firms after lackluster quarterly updates from key constituents raised concerns about continuing corporate weakness.

The Nifty 50 fell 1.62% to 23,616.05 points while the BSE Sensex slid 1.59% to 77,964.99.

All 13 major sub-sectors retreated on the day, with high-weightage financials shedding 1.76%.

The more domestically focussed smallcaps and midcaps fell about 3% each.

HDFC Bank, the heaviest stock on the Nifty 50, fell 2.2% after it posted a sequential dip in its current and savings account deposits for the three months ended December.

State-run banks also dropped 4%, led by a 7.5% slide in Union Bank of India after the lender's total business and deposits dropped sequentially.

هذه القصة مأخوذة من طبعة January 07, 2025 من Hindustan Times East UP.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة January 07, 2025 من Hindustan Times East UP.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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