Sensex, Nifty crash intrady
Mumbai: Equity markets roiled under selling pressure on Friday as tensions flared up in the Middle East with Israel likely striking Iran at three locations.
The S&P BSE Sensex crashed 650 points intraday before recouping some of the losses to trade at 72,113, down 350 points.
The Nifty50, too, plunged near 21,800 levels in the morning trade, before hovering abvoe 21,850.
24 of 30 Sensex stocks, and 40 of 50 Nifty stocks slipped, dragged by BPCL, HPCL, Bajaj Auto, Infosys, Axis Bank, L&T, Nestle India, SBI Life, LTI Mindtree, TCS, HCL tech, IndusInd Bank, Power Grid, and SBI. All these stock prices were down in the range of 1 per cent to 2.5 per cent.
In the broader markets, the BSE MidCap and Smallcap indices fell up to 0.8 per cent.
The sell-off was broad-based with the Nifty PSU bank (down 1.7 per cent), Media (down 1.4 per cent), and It (down 1.2 per cent) leading the losses.
