Why Sensex fell over 1,100 points today2 min read . Updated: 28 Oct 2021, 06:10 PM IST
- Relentless selling by FIIs is a key reason for this correction in Indian stock market, say analysts. Sensex settled 59,984.
Indian stock markets fell sharply today on the derivative expiry day with Sensex slumping over 1100 points to settle at 59,984 while Nifty dropped nearly 2% to 17,857. Banking stocks led the decline with SBI, HDFC Bank, ICICI Bank, Axis Bank and Kotak Bank falling between 3% and 4% while ITC slumped over 5%. India's benchmark stock indexes have risen more than 25% this year, driven by massive liquidity and huge retail participation, raising concerns of overvaluations.
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