Sensex crashes 1,100 points, investors lose Rs.6 lakh crore; what drove the stock market down today?
New Delhi, May 29 -- Domestic stock market benchmarks, the Sensex and the Nifty 50, ended sharply lower on Friday, 29 May, witnessing a sudden dip in the fag end of the session.
The benchmark indices traded in a narrow range for most of the session amid persistent uncertainty surrounding a potential US-Iran deal. However, at the fag-end of trade, the markets witnessed a sharp, sudden sell-off, with the Sensex plunging nearly 1,300 points and the Nifty 50 slipping to 23,485.
Finally, the 30-share pack Sensex ended 1,092 points, or 1.44%, lower at 74,775.74, while its NSE counterpart Nifty 50 settled at 23,547.75, down 359 points, or 1.50%.
Broader markets also witnessed profit booking, with the BSE 150 Midcap index losing 1.25% and the ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.