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Business News/ Markets / Stock Markets/  Market crash highlights: Sensex, Nifty plunge more than 2%; Nifty Bank down over 4%
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Market crash highlights: Sensex, Nifty plunge more than 2%; Nifty Bank down over 4%

1 min read . Updated: 17 Jan 2024, 03:32 PM IST
Zaheer Merchant

Sensex Crash Today | Share Market Crash Live Updates: At close, the Sensex was down 1,613.64 points or 2.20% at 71,500.76, and the Nifty was down 453.90 points or 2.06% at 21,578.40.

Sensex Crash Today | Share Market Crash Live Updates: US stocks ended lower on Tuesday after mixed earnings from Morgan Stanley and Goldman Sachs pressured banks, and as sell-offs in Boeing and Apple weighed on the S&P 500. Photo: Madhu KapparathPremium
Sensex Crash Today | Share Market Crash Live Updates: US stocks ended lower on Tuesday after mixed earnings from Morgan Stanley and Goldman Sachs pressured banks, and as sell-offs in Boeing and Apple weighed on the S&P 500. Photo: Madhu Kapparath

Sensex Crash Today | Share Market Crash Live Updates: Indian benchmark indices saw a sharp selloff on Wednesday as banks bled following HDFC Bank’s Q3 results. 

The Nifty 50 saw its biggest one-day fall since 24 February 2022 as tensions in the Middle East and dimming hopes of a Fed rate cut also hit investor sentiment. All sectoral indices except Nifty IT ended in the red, with Nifty Bank and Nifty Financial Services down more than 4%. 

At close, the Sensex was down 1,613.64 points or 2.20% at 71,500.76, and the Nifty was down 453.90 points or 2.06% at 21,578.40. The BSE MidCap index shed 1% and the SmallCap index 0.9%.

Hong Kong’s Hang Seng index tumbled 3.68% to close at 15,282.32 — its lowest level since November 2022.

The mainland Chinese CSI 300 fell to an almost five-year low after China’s fourth-quarter gross domestic product growth missed estimates. The index, which measures the largest companies listed in Shanghai and Shenzhen, fell 2.18% to close at 3,229.08.

US stocks ended lower on Tuesday after mixed earnings from Morgan Stanley and Goldman Sachs pressured banks, and as sell-offs in Boeing and Apple weighed on the S&P 500.

Oil declined as the drag from a stronger US dollar and broader risk-off tone offset concerns over escalating Middle East tensions, including continued attacks on ships in the Red Sea by Iran-backed Houthi rebels.

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