Nifty tanks 26% in March series; worst expiry since October 2008

Of the 143 stocks from the F&O segment, 10 have seen their market price more than halve in the March F&O series.

The 25-per cent fall in the benchmark index Nifty 50 index led by interest rate sensitives has made the expiry of futures and options (F&O) series for March 2020 the second worst in history. At its worst, the Nifty 50 had lost around 34 per cent in October 2008 during the global financial crisis.

In the March series, Nifty 50 index lost 25.7 per cent to close at 8,641 points on Thursday. Nifty Bank, Nifty Fin Services, Nifty PSU Bank, Nifty Realty and Nifty Auto indices skidded in the range of 29 per cent to 35 per cent during the series.

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