Sensex posts worst day in 10 months

February 26, 2021 17:47

The other big story today is the bloodbath in the share markets.

The BSE Sensex crashed about 1,940 points to post its biggest single-day fall in nearly 10 months and the NSE Nifty plunged over 568 points to crack below the psychological 15,000-mark on Friday, tracking global selloffs triggered by a panic in bond markets overseas.

Investors also turned cautious ahead of the third quarter GDP data release, besides keeping an eye on simmering geopolitical tensions between the US and Syria. At the day's close, the 30-share BSE Sensex settled 1,939.32 points or 3.80 per cent lower at 49,099.99 its worst one-day fall since May 4 last year.

Similarly, the broader NSE Nifty plunged 568.20 points or 3.76 per cent to close the session at 14,529.15 the biggest single-day drop since March 23 last year.

On the Sensex chart, all 30 constituents ended in the red, with eight scrips logging over 5 per cent drop. Sectorally, banking index suffered the maximum loss with over 4.8 per cent drop. Financial and telecom indices too fell sharply by 4.9 per cent and 3.85 per cent, respectively.

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