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Sensex, Nifty 50 fall for second consecutive session. What is driving Indian stock market down? Explained with 5 factors

Stock market today: Falling for the second consecutive session, Indian stock market benchmarks – the Sensex and the Nifty 50- declined 0.80 per cent each in intraday trade on Thursday, January 9, amid weak global cues, rising US dollar and bond yields.

Sensex opened at 78,206.21 against its previous close of 78,148.49 and dropped over 600 points, or 0.80 per cent, to the level of 77,542.92. The Nifty 50 opened at 23,674.75 against its previous close of 23,688.95 and declined over 180 points, or 0.80 per cent, to 23,503.05. The selloff was more intense in the mid and small-cap segments as the BSE Midcap and Smallcap indices declined over 1 per cent during the session.

More to come…

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