Rather, the sentiment has been subsumed by weak GDP numbers released over the weekend, which resulted in a bruising sell-off in the markets on Tuesday, knocking 770 points from Sensex.
Growth-sensitive stocks, State-run banks and manufacturing companies contributed most to the fall. For the record, Sensex has clocked its worst fall in 11 Months. It fell by 769.88 points or 2.06 per cent, while the broader Nifty declined by 225.35 points or 2.04 per cent. In the ensuing melee, investors' wealth worth Rs. 2.56 lakh crore was wiped out.
This story is from the September 4, 2019 edition of The Free Press Journal - Mumbai.
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This story is from the September 4, 2019 edition of The Free Press Journal - Mumbai.
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