Sensex Slumps 1,939 Points; Nifty Falls To 14,529 at Close
All shares in the Nifty 50 basket, except Sun Pharma, were reportedly trading lower.
The key Indian equity indices plunged on the morning of Friday, 26 February, with the BSE Sensex falling 3.6 percent, or 1,848 points. At close, Sensex was at 49,099, after falling 1,939 points or 3.80 percent.
Meanwhile, Nifty 50 index plunged 3.6 percent to an intraday low of 14,554 on Friday morning, and by closing, fell by 568 points or 3.8 percent to 14,529.
Today showed the steepest drop in Sensex and Nifty over the month. The market had a gap down opening on back of negative cues from global bourses.
Banking stocks led the biggest dip, falling up to 5 percent each, with the top financial services like ICICI Bank, HDFC Bank, PSU Bank, Axis Bank, Nifty Bank, Bajaj Finance, and Private Bank, among others performing badly.
All shares in the Nifty 50 basket, except Sun Pharma, were trading lower, as per media reports.
The Indian stock markets fell tracking a similar trend across global markets amid rising bond yields.
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