Nifty ends F&O expiry below 8350, Yemen woes drag Sensex 654 pts
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Rising tensions in Middle East took a toll on Dalal Street that saw panic sell-off in late trade, with benchmark indices breaking below their support levels in a stock market that has been struggling to hit upon cues for some time now.
Saudi Arabia-led coalition of Arab nations has launched air strikes in Yemen to push back Houthi rebels. This led to a spike in oil prices that jumped 6% to $59.70 a barrel.
Sensex ended the day at 27,604.37, down 507.46 points. Nifty ended the day at 8,383.80, down 147 points.
HIGHLIGHTS
BSE market cap falls below Rs 1 lakh crore mark.Nifty logs worst fall since January 6 .- PNB has slipped over 32% this year
Companies with heavy foreign institutional holdings led the declines. HDFC fell 5%, ICICI Bank fell 1.4%, HDFC BankBSE -2.58 % fell over 2% - Telecos rose intraday: Bharti AirtelBSE 0.98 % gained 1.2%; Idea gained 1.8% on hopes of winning key 900 Mhz spectrum.
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