Sensex falls over 440 points, Nifty below 9800; 5 reasons why the market cracked

Heavy selling pressure continued on the D-Street, with frontline indices breaching key milestones.

The Sensex cracked over 440 points intraday, while Nifty breached 9,800-mark.

Markets crashed on the back of likely fiscal stimulus, which could increase the fiscal deficit.

The BSE Midcap index was down 1.6 percent and Smallcap declined 2.3 percent.

Power stocks outperformed ahead of power reforms announcement later today. Tata Power, Power Grid and Torrent Power gained 0.7-1.8 percent.

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Sensex, Nifty rangebound; RBI’s MPC meet outcome awaited Sensex, Nifty continue to be sluggish ahead of RBI policy; Europe mixed
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Epic Research
Epic Research - Investment Adviser is a leading financial services provider with presence in Indian and other global capital markets. Call on - 0731-664-2300