Sensex hit lower circuit around 10.13 causing exchange to halt the trading for 45 min.Sensex was trading at 26,924.11 ,down 2991.85 points(-10.00%) and NIFTY at 7,903.00 down 842.45 (-9.63%) when last traded.Bank nifty is down 12.7% (2588.3 points) at 17729.3. Axis bank and ICICI bank were the worst hit.
Indian stock market opened gap down with a huge cut after Friday’s rally.NIFTY opened the day at 7,945.70 while SENSEX at 27,608.80. Both indices tried to recover but it lasted just for 5 min. Since then both NIFTY and SENSEX saw free fall.
Bank, financials, auto and reality stock were the worst hit.All Nifty and Sensex stocks are trading down.
In Nifty, Axis bank,IndusInd bank, ICICI bank and Adani Ports are trading down with more than 15 % cut in prices.While in Sensex Axis bank and ICICI bank saw more than 15 % cut in prices.