Equity benchmark Sensex plummeted over 700 points to sink below the 74,000 level and Nifty retreated from a record high on Friday as investors pared exposure to telecom, capital goods and tech stocks.
Heavy selling pressure in Reliance Industries, L&T and HDFC Bank counters also pulled indices down, traders said.
The 30-share BSE Sensex dropped 732.96 points or 0.98 per cent to settle at 73,878.15 after soaring 484.07 points earlier in the day. From its intra-day high of 75,095.18, the benchmark tanked 1,627.45 points to the day’s low of 73,467.73.
This story is from the May 04, 2024 edition of Millennium Post Delhi.
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This story is from the May 04, 2024 edition of Millennium Post Delhi.
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