The Indian market spirals down to fifth most steep fall in a decade
Mumbai, Feb 2 (IBNS): A day after the Union Budget, the Indian benchmark indices plunged to fresh lows, posting its fifth-most steep fall in the past ten years, according to media reports.
Sharp selloff in financials stocks midcaps and smallcaps largely led to the decline, media reported.
BSE Sensex was down 839.91 points at 35066.75, and NSE Nifty was down 256.30 points at 10760.60 on Friday.
Top gainers included Tech Mahindra, HCL Tech, TCS, HUL, Wipro and ITC while BHEL, Bajaj Finance, Tata Power, Bajaj Auto, UltraTechCement, Bharti Airtel, Maruti Suzuki and Axis Bank were some of the key stocks that declined.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
