Sensex slumps 1.9% led by bank stocks as sentiment sours
The Hindu
Analysts flag possibility of a further slide in the coming days, urge caution
Benchmark stock indices plunged almost 2% on Thursday amid concerns about the impact of inflation on economies worldwide, prompting analysts to flag the possibility of a further slide in the coming days.
The S&P BSE Sensex nosedived 1,158.63 points, or 1.89%, to 59,984.70. Selling pressure was witnessed across the board and the fall was led by banking stocks.
The top Sensex losers included ITC, down 5.5%, ICICI Bank, which fell 4.4%, Kotak Bank (4.1%), Axis Bank (3.8%) and Titan (3.7%).
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