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    Vikshita Vitthal Gujaran in Stock Market Update

    28-Jan-2023 11:12 AM


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    Sensex, Nifty Plunge 1% On Heavy Selling In Banking, Financials

    Massive selling in the Adani group stocks also added to the overall bearish trend. Equity benchmarks Sensex and Nifty plunged over 1 per cent for a second straight session on Friday dragged down by heavy selling in banking, financials, and oil stocks amid foreign fund outflows.
    The 30-share BSE benchmark tanked 874.16 points or 1.45 per cent, its biggest single day slide in more than a month, to settle at 59,330.90.
    This is also affecting the banking stocks even though the results of the sector are optimistic due to high group lending, indicating potential risk.
    Markets in the US had ended higher on Thursday.
    International oil benchmark Brent crude climbed 1.35 per cent to USD 88.65 per barrel.

    Source -https://www.ndtv.com/business/stock-indices-close-lower-sensex-ends-below-60-000-level-3728847#pfrom=home-business_topstories