Sensex slumps over 1,200 points today. Key factors driving the selloff
In the current leg of the FII-led selloff, investor wealth worth ₹6 lakh has been wiped out in just three sessions as Sensex came under heavy selling pressure
Indian stock markets today extended losses as the session progressed with Sensex down over 1,200 points when it slumped to 57,424 at day's low. The Nifty was struggling to hold 17,150 levels amid strong selling pressure in Bajaj Finance, Bajaj Finserv, HDFC and HDFC Bank. India's bond and forex markets were shut, while the central bank has rescheduled its monetary policy committee meeting by a day to February 8-10, citing a public holiday in Maharashtra.
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