Markets Take A Big Tumble

The combined entity is expected to provide diverse strategic options and flexibility arising from cost efficiencies and synergies. By market capitalisation, India’s industrial growth, as per the Index of Industrial Production (IIP), edged up to 1.9 per cent in March from 1.5 per cent in February

Bears dominated the Indian equity markets over the recent fortnight. Headline equity indices Nifty 50 and Sensex plummeted by more than 7 per cent each. Weak global cues, incessant geo-political crisis, mixed earnings season, discouraging economic data and a fear of stagflation among market participants are the key factors that drove the downfall in equity markets. BSE Mid-Cap and Small-Cap indices tanked ~10 per cent bearing the brunt of heavy FII selling. All sector indices have closed in the red territory. BSE Metal and Realty indices are among the Top Losers of the pack, plunging 17.76 per cent and 13.50 per cent, respectively.