BJP debacle in Bihar pulls sensex down by 600 points
The rupee also took a sharp hit, falling over 1 per cent to 66.50 per dollar in morning trade.
Traders attribute the slump to BJP debacle in the Bihar Assembly election, where the party could get only 58 out of 243 seats to bit dust in the fight against the Nitish Kumar-led Grand Alliance that won 178 seats.
Analysts said Monday's sharp fall was a knee-jerk reaction and markets are likely to find a bottom soon.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
