Market Recap: Indian Shares Decline Amid Global and Domestic Pressures

Market Recap: Indian Shares Decline Amid Global and Domestic Pressures

VoM News Desk | January 23, 2024 | 03:34 PM IST | Breaking News | Follow on Google News

Market Recap: Indian Shares Decline Amid Global and Domestic Pressures

Market Recap: Indian Shares Decline Amid Global and Domestic Pressures

Indian stock markets faced a significant decline influenced by geopolitical concerns, FII selling, and a dip in index heavyweights.

The Sensex fell 1,100.20 points (1.54%) to 70,323.45, and Nifty dropped 355.40 points (1.65%) to 21,216.40.

The downtrend was attributed to global factors, including unconfirmed reports of China injecting $278 billion to stabilize its markets. Hong Kong’s Hang Seng surged 3.2%, while Shanghai Composite rose 0.7%.

In contrast, Indian markets experienced a sell-off amid concerns, with geopolitical tensions and FII outflows contributing to the negative sentiment.

VoM News Desk

VoM News is an online web portal in jammu Kashmir offers regional, National & global news.