Stock Market still on Sluggish mode, Sensex plunges by 900 points, Nifty at 24,220.40, low by 1.07%

Indian Equities Benchmark Indices, BSE Sensex, and Nifty50 opened in red on Thursday. While the BSE Sensex declined over 100 points, Nifty 50 was near 24,450. At 9:16 AM, BSE Sensex traded at 80,265.63, down 113 points or 0.14%. Nifty50 was at 24,438.35, down 46 points or 0.19%.

This volatility is expected because of turbulence in crude oil prices and US General Elections. The losing trajectory is reiterated as investors are skeptical about US Federal Reserve rate cuts and Asian Markets' responses.

The Key factors are crucial for the PSU sectors also, as SBI Shares are seeking dilemma with a 0.7% loss, whereas Oil Marketing PSUs like Oil India Ltd were hit at a low of 0.15% and BEL by 1.28%. However, HAL shares are still trading in the green zone, which is a relief sign for the Public stocks group.

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