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Sensex cracked around 700 points, Bank Nifty tumbled more than 1000 points; Financial services and Banks were draggers of the day
Sensex cracked around 700 points, Bank Nifty tumbled more than 1000 points; Financial services and Banks were draggers of the day

Sensex cracked around 700 points, Bank Nifty tumbled more than 1000 points; Financial services and Banks were draggers of the day

TITAN, Maruti Suzuki and Ultratech cement are the top gainers while HDFC Bank, HDFC and IndusInd bank were the top losers amongst Nifty 50 stocks

Prasad Chavan Article rating: 4.8

Indices witnessed strong profit booking session led by index heavyweight stocks because of MSCI adjustment factor. Nifty cracked 186 points to close 1 per cent lower at 18,069 level.  S&P BSE Sensex dropped more than 700 points and closed at 61,054 level. Nifty Midcap 100 and Nifty Small cap 100 also traded weak for the day to close around 0.70 per cent and 0.82 per cent lower respectively.   

Inflation continues to weigh heavy
Inflation continues to weigh heavy

Inflation continues to weigh heavy

Fears of a recession have increased lately as the Federal Reserve tries to combat surging inflation with aggressive rate hikes, resulting in volatile risk sentiment around the world

Sayali Kotwal Article rating: 5.0

Fears of a recession have increased lately as the Federal Reserve tries to combat surging inflation with aggressive rate hikes, resulting in volatile risk sentiment around the world

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