May 16, 2023, 09:41AM ISTSource: ET Now
The Indian stock market had a lackluster trading session today, with the benchmark index Sensex remaining flat and the broader index Nifty falling below the crucial 18,400 level. In the midst of this, shares of cinema hall operators PVR and Inox saw a decline of 4% as investors worry about the impact of the pandemic on their businesses. The entertainment industry has been hit hard by the pandemic, with cinemas being forced to shut down for extended periods of time. Meanwhile, shares of HDFC, one of India’s largest housing finance companies, fell by 2%. The company has been grappling with a challenging economic environment, including rising inflation and a slowdown in the real estate sector.