DSIJ Mindshare

It was carnage on Friday as a severe sell-off in the Indian equity markets took investors by surprise. Nifty tumbled 1.72 per cent to close just above 17,300 while Sensex tanked more than 1,000 points.

Major indices ended Wednesday’s trading session on a weak note, ahead of US Federal Reserve meeting scheduled later this evening. Nifty lost 0.55 per cent while Sensex dipped 265 points.

Indices were on a free fall in the last half an hour as Nifty collapsed over 200 points to close at 17,505.

Indices closed higher on Monday as Nifty soared above the 17,500-level. The benchmark index closed higher by 0.73 per cent while Sensex jumped 465 points. Meanwhile, the broader market also performed well as Nifty Midcap and Nifty Smallcap closed higher by 0.35 per cent each.

Nifty soared over the 16,700-mark to close 0.69 per cent higher and Sensex surged 390 points.