Five reasons why Sensex tanked 453 points today
The S&P BSE Sensex ended at 33,149, down 453 points while the broader Nifty50 index settled at 1,226, down 134 points LATEST NEWS : The benchmark indices logged the biggest single day fall in 2 months on Thursday after the Apr-Oct fiscal deficit data, coming in at 96% of the budgeted target for FY18, unnerved investors. The derivatives expiry of November series also hurt sentiment, while investors awaited the September quarter GDP data due later in the day. The S&P BSE Sensex ended at 33,149, down 453 points while the broader Nifty50 index settled at 1,226, down 134 points. "The market started off on a weak note and saw sharp sell-off in frontline index towards the end of the trading session ahead of the GDP data. Negative trend in Asian markets and domestic fiscal deficit data impacted sentiments. However, the broader markets indices outperformed," said Jayant Manglik, President Retail Sales, Religare Securities. "While the overall sentim...