Bloodbath on Dalal Street: Why Sensex, Bank Nifty today tumbled up to 1000 points
- Market has fallen because traders and investors are squaring off their positions, says analyst
Indian stock markets tumbled on the monthly derivative expiry day with Sensex tumbling nearly 900 points at day's low while Bank Nifty tanking 2.3%. Nifty's volatility index climbed as much as 10%. Stocks of Adani group companies fell sharply after short-seller Hindenburg Research said it holds short positions in those firms through US-traded bonds and non-Indian-traded derivative instruments.
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