Sensex tanks over 1,600 pts, biggest crash in nearly 2 years
After weeks of gains, the Sensex experienced a session of widespread profit-taking, predominantly driven by foreign funds, resulting in a significant 2.2% decline or a 1,628-point drop to 71,501 points. This marked the largest single-session slide in the Sensex in nearly 23 months, causing investors to incur losses of about Rs 4 lakh crore, according to BSE data. The lackluster quarterly results from HDFC Bank, the most valued lender in the country, triggered an over 8% decline in its stock price on Wednesday.
After weeks of gains, the Sensex experienced a session of widespread profit-taking, predominantly driven by foreign funds, resulting in a significant 2.2% decline or a 1,628-point drop to 71,501 points. This marked the largest single-session slide in the Sensex in nearly 23 months, causing investors to incur losses of about Rs 4 lakh crore, according to BSE data. The lackluster quarterly results from HDFC Bank, the most valued lender in the country, triggered an over 8% decline in its stock price on Wednesday.
