Sensex Slumps 695 Points As Investors Book Profits At Record High

The S&P BSE Sensex and Nifty 50 indexes fell sharply in trade on Wednesday as investors booked profits at record highs a day ahead of the monthly expiry of future and option contracts, analysts said. The Sensex crashed as much as 1,067 points from record high of 44,825.37 and Nifty 50 index touched an intraday low of 12,834 after hitting a record high of 13,145.85 during the session. HDFC Bank, Infosys, Kotak Mahindra Bank, HDFC, Reliance Industries, Axis Bank and Bharti Airtel were among the top drags in the Sensex. The Sensex slumped 695 points or 1.56 per cent to close at 43,828 and Nifty 50 index dropped 197 points or 1.51 per cent to settle at 12,858.

Selling pressure was visible across sectors as all the 11 sector gauges, barring the index of PSU banks, ended lower led by the Nifty Realty index’s 2.5 per cent decline. Private bank, pharma, bank, financial services and auto indexes also fell around 2 per cent.

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