BSE Sensex Crashed 1500 points from day’s high, while the Nifty 50 breaches 11,000 Dragged by Finance Stocks

BSE Sensex crashed

BSE Sensex crash as much as 1,495 points to 35,993.64 from day’s high of 37,489.24. DHFL stocks slumped over 50%. The Indian rupee has also trimmed its early gains to trade around the 72 mark.

BSE Sensex and NSE’s Nifty 50 erased all morning gains and plunged over 2% dragged by finance stocks after reports of DHFL defaulting on commerce papers.

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Nifty Future Tips – CMP 11490 Buy and So Jaao Ready For Big Blast, Target 12005 Buy Slowly Slowly – Neal Bhai Reports

Global stocks flirting with their longest run of declines since early 2016 on Monday, hit by rising anxiety about the US-China trade war and another interest rate increase by the Federal Reserve later this month. European shares defended its ground early on, but it was proving a struggle after a fresh sell-off by Chinese stocks pulled Asian and emerging-market equities to 14-month lows.

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A Smug India VIX Despite Jitters in Sensex, Nifty

In general, strong domestic fund inflows are keeping sentiment upbeat and complacency high. “At a broader level, there has been a high level of volatility in India. However, there has been a truncated rally in a few stocks in the Nifty index, which is keeping the index up,” said Dhananjay Sinha, head of research, economist and strategist, Emkay Global Financial Services. 

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