Markets snap five-day rally; Sensex tumbles over 600 points
Bajaj Finance was the biggest drag on Sensex chart, slipping nearly 8 pc
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Bajaj Finance was the biggest drag on Sensex chart, slipping nearly 8 pc
After five consecutive days of winning streak, Indian equity markets faltered on Friday due to selling pressure in financials. The fall was more or less on
Financial stocks were under pressure dragged down by Kotak Mahindra Bank, while consumer stocks fell on an earnings miss from heavyweight Hindustan Unilever
The market capitalisation of BSE-listed companies jumped to a lifetime peak of Rs 404.18 lakh crore on Thursday helped by a five-day rally in benchmark indices, making investors richer by Rs 11.29 lakh crore. Recovering after a sell-off in early trade, the 30-share BSE Sensex climbed 486.50 points or 0.66 per cent to settle at 74,339.44 on Thursday. During the day, it surged 718.31 points or 0.97 per cent to 74,571.25.
(This story has not been edited by THE WEEK and is auto-generated from a PTI