Business Finance

FIVE-DAY WINNING SPREE OF STOCK MARKET SNAPS TODAY!

MUMBAI, Jan. 16, 2024 (TBINN)

Stock markets snapped their five-day winning run today with the benchmark Sensex declining by 199 points due to profit-taking in I.T. and oil shares and weak global trends.

The 30-share B.S.E. Sensex dropped by 199.17 points or 0.27 per cent to settle at 73,128.77.

The index opened lower but staged a recovery in late-morning deals to touch its all-time intra-day high of 73,427.59. The barometer, therafter, failed to hold onto gains due to profit-taking in the broader market and retreated by 367.65 points or 0.50 per cent to a low of 72,960.29.

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