Sensex tanks over 300 points

The benchmark index posts its biggest daily fall since May 2012; The Nifty slips 90.80 points 

 

  

A file photo of the Bombay Stock Exchange. The benchmark index fell 1.8% on 16 May 2012. Photo: Abhijit Bhatlekar/Mint 

 

                    Mumbai: Indian shares posted their biggest fall since May 2012 as bank shares such as  ICICI Bank Ltd fell a day after The Reserve Bank of India data showed loan growth was still a concern and on weakness in global shares due to worries over the US Fed slowing its bond-buying programme. Shares of ICICI Bank fell 3.77% while those of State Bank of India were down 1.84%. The 30-share BSE index, Sensex, fell 1.62%, or 317.39 points, to 19,325.36, posting its biggest daily fall since 16 May 2012 when the index fell 1.8%. The 50-share NSE index, the Nifty, slipped 1.53%, or 90.80 points, to 5,852.25. Reuters

 

TOUHIDHUSSAIN

PGDM 2nd SEM

IIMT COLLEGE OF MANAGEMENT