After opening a tad higher on Wednesday, a key equity market index was deep in the red, around an hour into trading, with as many as 29 out of the 30 shares that go into its basket sliding into the negative territory.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 27,473.36 points, a bit higher than the previous close at 27,440.14 points. But the slide began immediate after, taking it to below the psychologically-important 27,000-point mark at 10:15 a.m.
The index at this time was trading at 26,968.43 points, with a los of 471.71 points, or 1.72 percent, after having slid to a low of 26,868.45 points. Only Bharti Airtel was managing to stay afloat, up 3.75 percent, while the steepest fall was for Cipla, down 3.51 percent.
At the National Stock Exchange (NSE), the Nifth was down 151.85 points, or 1.82 percent.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app