Indices log 9th straight session fall; financial stocks drag
Indian equities fell for the ninth session in a row on Monday as investors fretted about health of non-banking finance sector, US-China trade tensions and uncertainty over poll outcome.
In their longest losing streak in years, the BSE Sensex crashed over 372 points and the NSE Nifty dived nearly 130 points on sustained sell-off across the board.
In the past nine sessions, the Sensex has lost 1,940.73 points and the Nifty has lost 599.95 points.
The BSE index widened its loss towards the fag-end on emergence of intense selling in financial stocks as fresh concerns over liquidity crunch returned.
In percentage terms, however, Sun Pharma was the biggest loser with 9.39 per cent drop. Intra-day, the pharma major's shares tanked over 20 per cent.
Other top Sensex laggards were Yes Bank, Tata Steel and Indusind Bank -- falling as much as 5.58 per cent.
Among the gainers on the Sensex, HDFC topped the chart, rising 1.06 per cent, after the mortgage lender posted a 26.8 per cent rise in its ..