Stock Market Sees Big Losses: HDFC Bank, ICICI Bank Drop
The stock market faces heavy losses as investors take profits. Major stocks like HDFC Bank, ICICI Bank, and Infosys were among the biggest losers.
The Nifty also went down and lost 207 points.
The stock market went down today after going up the day before. This happened because some people decided to sell their stocks to make a profit.
Big companies like HDFC Bank and ICICI Bank were some of the stocks that lost a lot of money.
The Sensex started the day at a little higher number, but then it dropped a lot and ended much lower. It lost 720 points.
The Nifty also went down and lost 207 points. The rupee became a little weaker compared to the dollar.
Some of the companies that lost the most were Zomato, HDFC Bank, and TCS. But companies like Tata Motors and Reliance did well.
In the world market, the price of oil stayed the same, and gold was also priced at $2,670 per ounce.
The market went down because people sold their stocks, especially in banking and IT companies.
Some important events are also making investors a bit worried, like the start of earning season and a new US president.
