Closing Bell: Sensex cracks by 397 points, banks and financials hit

Updated:5 years, 3 months ago

New Delhi, Mar 15 (ANI): Equities recovered some early losses but closed in the red on March 15 with banking and financial stocks taking a sharp dip as weak macroeconomic print spooked investors amid hopes of a strong economic recovery. Market experts said rising crude prices and their impact on retail fuel prices are a risk to inflation going forward. Contraction in industrial production and sporadic Covid-19 lockdowns added to the nervousness of investors. At the closing bell, the BSE S&P Sensex was down by 397 points or 0.78 per cent at 50,395 while the Nifty 50 edged lower by 101 points or 0.67 per cent to 14,930. Among stocks, ICICI Bank fell by 1.5 per cent to Rs 603.25 per share while Bajaj Finserv lost by 2.7 per cent and Bajaj Finance by 2.4 per cent. Hero MotoCorp skidded by 2.4 per cent and Bajaj Auto by 1.9 per cent.

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Closing Bell: Sensex cracks by 397 points, banks and financials hit

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