Equity benchmarks, the Nifty 50 and the Sensex, experienced their most significant single-day percentage loss since June 2022 on Wednesday, January 17. This decline was primarily triggered by a substantial fall in HDFC Bank’s share price.
The Nifty 50 witnessed a plunge of 454 points, or 2.06 percent, closing at 21,578.40, while the Sensex incurred a loss of 1,628 points, or 2.23 percent, settling at 71,500.76. The negative sentiment was driven by the notable drop in HDFC Bank’s stock, contributing to the overall market decline.
