Sensex and NIFTY continue to slump

Indian markets continued to see a steady slump in Sensex as it dropped by more than 215 points on Friday.

Nifty also fell below by a margin of 54 points. Bharti Airtel was the major loser as it saw a decrease by 9.90 points. General Insurance of India, IGL, Concor, and Siemens were other top losers of the day.

IDBI Bank meanwhile was the biggest gainer of the day as its stock rose by 4.45 points. Apart from IDBI Bank, the other major gainers of the day were Tata Steel, Aditya Birla, Godrej Property, and Elchers were in the top five gainers of the day.

Dharmesh Kant, head of retail research at Indianivesh, told NDTV that the market has been heated up significantly trading at historically high levels, but there has been no topping growth if we look at fundamentals.

Image Courtesy: Yahoo Finance



Story by Kiran Thakare with inputs from Economic Times and Yahoo Finance.