Sensex nosedives 1,024 points on rate hike fears; HDFC twins top drags
The Hindu
BSE Sensex plummets 1,023.63 points or 1.75% to finish at 57,621.19; NSE Nifty slumps 302.70 points or 1.73% to 17,213.60
Equity benchmark Sensex crashed 1,024 points to end below the 58,000-level on February 7 as investors fretted over policy tightening by central banks amid elevated inflation.
Unabated foreign fund outflows added to the gloom, traders said.
Declining for the third straight session, the 30-share BSE Sensex plummeted 1,023.63 points or 1.75% to finish at 57,621.19. Similarly, the broader NSE Nifty slumped 302.70 points or 1.73% to 17,213.60.
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