Stock Market
Sensex crashes over 1,000 points, Nifty drops over 200 points
Mumbai/IBNS: The Indian benchmark indices dropped on Friday afternoon due to profit-booking and a decline in the share prices of blue-chip Reliance Industries, wiping out gains made in initial trading.
At 1:56 pm, the BSE Sensex plummeted 1,010 points to 73,601, while its sister index NSE Nifty fell 275 points, or 1.22 percent, since Thursday (May 2)'s closing, hours after the index reached its lifetime high of 22,793.90 points.
However, both the indices made recoveries by 3 pm.
Ahead of their closing for this week, BSE Sensex and NSE Nifty reached 73,754.86 and 22,431.70 respectively.
Earlier the day, Sensex opened 407 points higher at 75,017.82 against its previous close of 74,611.11, while Nifty 50 opened 118 points higher at 22,766.35 against its previous close of 22,648.20.
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