PrashantNews
The US-led global trade war concerns on Friday led to a big stock market crash in India with the BSE Sensex tanking more than 1400 points.
Sensex fell by 1414 points to close at 73,198.10 points. NSE lost 420 points to close at 22124.70 points.
Led by tech heavyweights like Infosys and TCS, most of the stocks, barring few shares, crashed across the board 2 to 6 percents amid heavy selling by FIIs. Indusind Bank tanked 5.48 percent and BhartiArt 4.86 percent.
Infy lost 4.32 percent to come down at Rs 1688 level. Similarly TCS also came under big pressure losing 3.56 percent to Rs 3483 when the market closed.
In the auto sector, top players like Tata Motors, Maruti, M&M also faced the wrath of the slowdown concerns considerably.
Most of the analysts remained tightlipped on the continuing bloodbath in the market but said the US-led trade war concerns may cause further global slowdown. “I cannot comment at the juncture as the situation is totally fluid,” said a stock market analyst.