Sensex tanks 700 factors, Nifty beneath 23,500 – Firstpost
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The 30-share BSE Sensex tanked 0.93 per cent or 728.69 factors to 77,288.50. The broader Nifty 50 index fell 181.80 factors or 0.77 per cent to 23,486.85
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The Indian monetary markets snapped their week-long successful streak on Wednesday (March 26). The benchmark indices sank practically 1 per cent as bears mauled down latest positive aspects.
The 30-share BSE Sensex tanked 0.93 per cent or 728.69 factors to 77,288.50.
From the Sensex pack, NTPC, Tech Mahindra, Zomato, Axis Financial institution, Bajaj Finance, Infosys, Maruti, State Financial institution of India, Kotak Mahindra Financial institution, Reliance Industries, Hindustan Unilever, and HDFC Financial institution had been the losers.
IndusInd Financial institution, HCL Tech, Titan, Mahindra & Mahindra and Energy Grid had been the gainers.
The broader Nifty 50 index fell 181.80 factors or 0.77 per cent to 23,486.85.
IndusInd Financial institution, Trent, Hero Motocorp, Grasim Industries and Energy Grid had been the highest gainers on this pack. The highest laggards had been NTPC, Tech Mahindra, Cipla, Axis Financial institution, and Bajaj Finance.
All sectoral indices finish in pink, with solely capital items recording 0.50 % achieve.
Why did markets tank?
In response to Ajit Mishra – SVP, Analysis, Religare Broking Ltd, “Individuals are reserving earnings forward of the March derivatives contract expiry, whereas issues over tariff discussions proceed to weigh on sentiment.”
The sectors with greater publicity to the US market, like pharma & IT, have witnessed some promoting strain,” Vinod Nair, Head of Analysis, Geojit Investments Restricted, mentioned.
Extra to return
