Key Points
The S&P BSE Sensex fell 1.31 per cent to 72,163.82 at 9:16 am, while the NSE Nifty50 lost 1.32 per cent to trade at 21,738.55 points..
Benchmark stock market indices tanked sharply in early trade on Wednesday, following a sharp fall in banking and financial shares...
Even the broader market indices came under pressure in early trade due to the overall sentiments on Dalal Street; volatility also rose sharply during the trading session...
Nifty Bank fell over 2.37 per cent and Nifty Financial Services fell 2.49 per cent, while Nifty Auto, Nifty Metal and Nifty Realty were down over 1 per cent..
Ahead of todays market opening, Deven Mehata, research analyst at Choice Broking, said, The benchmark Indian indices are likely to open lower on January 17 as trends in the GIFT Nifty indicate a negative start for the broader index...
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