Share Market Highlights 11 August, 2023: Sensex and Nifty extend losses for second consecutive day amid banking woes

Posted on by

Sensex, Nifty updates on 11 August, 2023 – Indian benchmark indices continue their previous day’s decline, following a negative trend in Asian markets. The weakening trend persisted due to the RBI’s monetary policy and an unexpected reduction in banking system liquidity. Indian Overseas Bank (IOB) ​stock surges 11.13% on the NSE, trading at ₹29.95. CARE Ratings has assigned fresh rating of CARE A1 + (A One Plus) to the bank’s proposed certificate of deposits of ₹10,000 crore.