Why Sensex, Nifty 50 Are Nosediving After A Record Run? Key Factors Behind Selloff Rising interest rates, Key Factors Behind Selloff and more at news18.com
Markets halted 4-consecutive days winning streak on Wednesday ahead of GDP data, with banking stocks being the top laggards while smallcap stocks outperformed. Despite maintaining outperformance compared to global cues, Sensex fell 0.55% to 62,622.24, while Nifty 50 shed 0.53% to 18,534.40.
Sensex and Nifty 50 stumbled by more than 1% on Monday after investors carried panic selling in IT stocks as concerns escalated following a disappointing fourth quarter by tech giants like TCS and Infosys. Markets were on a winning spree from March 29th to April 13 before correcting.