MARKET MELTDOWN HITS HDFC BANK: SHARE PRICE PLUMMETS BY 1.52% AS NIFTY SEES MINIMAL GAINS ON NOVEMBER 12, 2024

In a rollercoaster day for stock market investors, the share price of one of India's largest banks, HDFC Bank, has taken a hit, sinking by 1.52% in early trading on November 12, 2024.

According to Mint's real-time updates, the slump is part of a broader market trend that saw the Nifty indices witnessing minimal gains, inching up by just 0.05%.

The latest stock prices reveal that HDFC Bank shares are currently trading at ₹1,546.75 per unit, down from their previous close of ₹1,572.15.

Market analysts attribute the selling pressure to a combination of factors, including weak earnings reports from major corporations and rising interest rates, which have dampened investor sentiment.

Investors with exposed positions in HDFC Bank and other blue-chip stocks appear to be trimming their holdings as risk appetite wanes globally.

However, some bulls remain optimistic that the market will bounce back soon, citing improving global economic trends and policy support.

Stay tuned for further updates on this developing story.