Monday, 24 September 2018


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After a manic Monday, we saw a terrible Tuesday, a fiery Wednesday and now a freaky Friday. The S&P BSE Sensex has plunged over 1,000 points for the week while investors’ lost nearly Rs 2 lakh crore on the BSE.

The Sensex opened on a strong footing on Friday, but after around 1 pm, it plunged to sharpest levels by 1,500 points (3 percent from the day’s high), its biggest swing in four years.

It was a volatile day for Indian markets. At one point in time Sensex was down by over 1,000 points but then it quickly recovered narrowing the loss to just 279 points towards the close of the trade. The Nifty50 which slipped below 11,000 managed to recoup losses and closed at 11,143.


There was panic selling in the market as non-banking financial companies (NBFCs), led by a huge drop in the shares of Dewan Housing Finance (DHFL), dragged financial stocks. DHFL closed 42 percent lower at Rs 351.55.

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