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Carnage on Friday: Nifty closes just above 17,300; Sensex bleeds over 1,000 points as financials take a hit
Carnage on Friday: Nifty closes just above 17,300; Sensex bleeds over 1,000 points as financials take a hit

Carnage on Friday: Nifty closes just above 17,300; Sensex bleeds over 1,000 points as financials take a hit

Financials were the top underperformers as news reports of banks taking a liquidity hit for the first time in forty months led to a sell-off across all private and PSU banks.

DSIJ Intelligence Article rating: 4.7

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.

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