sensex news today: U-turn! Sensex swoons 630 points from day’s high; HDFC Bank, ICICI Bank play spoilsport

Indian benchmarks surrendered their earlier gains and closed lower, primarily due to the drag from heavyweights HDFC Bank and ICICI Bank. Additionally, declines in metal and IT stocks added further pressure to the benchmarks.The 30-share BSE benchmark Sensex declined 189 points or 0.25% to settle at 74,483. The broader NSE Nifty dropped 39 points or 0.17% to end at 22,604.HDFC Bank, ICICI Bank, Tech Mahindra, HCL Tech, Tata Steel, and JSW Steel exerted downward pressure on the Sensex. Conversely, M&M, Power Grid, Bajaj Finance, and IndusInd Bank contributed positively to the index. Mahindra and Mahindra rose 4.5% to a record high after launching its compact sports utility vehicle, which…
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Source: https://m.economictimes.com/markets/stocks/news/u-turn-sensex-swoons-630-points-from-days-high-hdfc-bank-icici-bank-play-spoilsport/amp_articleshow/109726052.cms