Market Closing
Benchmark indices fell sharply and saw biggest one-day fall this year, dragged by banks after the RBI expectedly cut repo rate by 25 bps and changed policy stance to accommodative from neutral.
The BSE Sensex plunged 553.82 points or 1.38 percent to 39,529.72 and the Nifty50 slipped 177.90 points or 1.48 percent to 11,843.80.
GAIL was prominent loser among Nifty50, falling 12 percent followed by Indiabulls Housing, IndusInd Bank, Yes Bank and SBI which lost 4-8 percent.
Coal India, Titan Company, Hero Motocorp, Power Grid Corp and HUL bucked the trend, rising 1-2 percent.
Just In
Marksans Pharma said it received Establishment Inspection Report (EIR) from the US FDA in respect of inspection of the company's Goa facility carried out from 25th February to 6th March 2019.
Sensex and Nifty are heading for a biggest one-day fall in 2019.
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