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Sensex falls 238 points Nifty dips 50 on July 21
Telegraph India··21 Jul
The BSE Sensex declined 238.41 points to settle at 77,470.11 and the NSE Nifty edged lower by 50.80 points to 24,187.70 on July 21. HDFC Bank dragged markets for a second day after disappointing quarterly earnings on the margin front. Escalating US-Iran conflict, rising crude oil prices and foreign fund outflows reinforced risk-off sentiment across Dalal Street.
Prism
What It Means For You
- Market declines affect mutual fund and portfolio values for retail investors.
- HDFC Bank earnings disappointment weighs on banking sector sentiment.
- Oil above 90 dollars and FII selling increase inflation and market pressure.
What's Happening
- Sensex settled down 238 points at 77,470.11 on July 21.
- Nifty closed 50.80 points lower at 24,187.70.
- HDFC Bank fell 2 percent for a second consecutive day.
Market Pressure Context
- US-Iran conflict and crude oil prices drove risk-off sentiment.
- FIIs offloaded Rs 1,121.04 crore in equities on July 20.
- Markets extended losses for a second consecutive trading day.
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