Posted 1/23/2024, 10:20:00 AM
Sensex Plunges Over 1,000 Points as Investors Spooked by Banking Stocks, Geopolitics
- BSE Sensex plunged over 1,000 points, Nifty50 ended below 21,300 as bears took control of Dalal Street
- Decline driven by banking, oil & gas, FMCG, metals stocks; RIL & HDFC Bank responsible for half of Nifty's loss
- Tensions in West Asia, upcoming Sebi ownership norms also concerning investors
- FIIs turned net sellers this month, selling over Rs 13,000 cr worth of shares
- Technical indicators signaling further selling pressure; support at 21,500-21,450 expected to limit downside