Mumbai: The BSE Sensex posted its biggest fall since May 2012 as bank shares such as ICICI Bank fell a day after RBI data showed loan growth was still a concern and on weakness in global shares due to worries over Fed slowing its bond buying program.
ICICI Bank shares fell 3.74 per cent while State Bank of India was down 1.84 per cent.
The BSE Sensex fell 1.62 per cent, posting its biggest daily fall since 16 May, 2012 when the index fell 1.8 per cent.
The 50-share Nifty slips 1.53 per cent.
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BSE Sensex or Bombay Stock Exchange Sensitive Index is a value-weighted index composed of 30 stocks started in 01 of jan, 1986. It consists of the 30 largest and most actively traded stocks, representative of various sectors, on the Bombay Sto ...
The Standard & Poor's CRISIL NSE Index 50 or S&P CNX Nifty nicknamed Nifty 50 or simply Nifty (NSE: ^NSEI), is the leading index for large companies on the National Stock Exchange of India. The Nifty is a well diversified 50 stock index accoun ...
The economy of India is the twelfth largest economy in the world by market exchange rates and the fourth largest by purchasing power parity (PPP) basis.
India was under socialist-based policies for an entire generation from the 1947 until 199 ...
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