Sensex bleeds 1,128 factors, Nifty journeys beneath 11,000; recovers later

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Enterprise

oi-Deepika S

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Mumbai, Sep 21: Indian inventory markets (Sensex and Nifty) witnessed a sudden sell-off within the afternoon dealings on Friday with Sensex crashing 1,128 factors and Nifty falling properly beneath 11,000-mark whereas DHFL nosedived 55% following the rout in NBFCs and housing finance firms.

Shares of Sure Financial institution, Solar Pharma and Indiabulls Housing are the highest losers, whereas ITC, ONGC and Bharti Infratel have gained essentially the most.

Sensex bleeds 1,128 points, Nifty trips below 11,000; recovers later

Vehicles, banks, FMCG, infra, metals and prescription drugs are all seeing a selloff, whereas the Nifty Midcap index is down over four p.c.

Nevertheless, sanity prevailed and within the subsequent 30 minutes there was a exceptional restoration within the markets. At 1.30 pm, the Sensex was down solely 200 factors, whereas the Nifty was down 80 factors in commerce.

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