Sensex Gains Some Ground After Plunging 1,100 Points | Read
Domestic stock markets nosedived during Friday's trading session. BSE benchmark index Sensex plunged as much as 1,127 points to hit an intraday low of 35,993, dragged by a heavy selloff in shares of banking and financial services. The Sensex slipped below the 36,000 mark for the first time since June 28. The 50-scrip NSE Nifty tumbled 367 points to touch 10,886, a level last seen on July 10. Analysts said panic selling in non-banking financial companies amid fears of outflows led to the sharp fall. The indices, however, recovered some ground in late afternoon deals. At 2:33 pm, the Sensex was trading 640 points lower at 36,480, while the Nifty was down 202 points at 11,031.
