Mumbai: Yes Bank crisis also hit the market and the Nifty closed below 11,000. The decline in Nifty Bank was more and the index saw a dominating sell-off of 1000 points. Let us tell you that this is the biggest decline in the last 4 years in the Bank Nifty. With this, the market has fallen to a low of 6 months.
Sensex-Nifty closed at 6-month low today. Bank Nifty has also closed today at a 5-month low. The Sensex has fallen 894 points to close at 37,577 today. At the same time, the Nifty has fallen 280 points to close at 10,989. Bank Nifty has fallen 1014 points to close at 27,801. The midcap index has also fallen 395 points to close at 16,375.
Today, Yes Bank’s market cap of Rs 5,000 crore has been reduced. All 12 stocks of Bank Nifty witnessed a fall. The Nifty sold 46 out of 50 stocks. 27 of the 30 Sensex stocks were sold.