New Delhi: Bloodletting continued in the markets on March 18 as well, as benchmark indices hit a new three-year low, tracking a selloff in global equities.
The BSE Sensex broke below 29,000, while the Nifty breached its Friday’s panic low of 8,555, suggesting that the selling pressure is unlikely to abate anytime soon.
The Sensex touched a high of 31,101.77 and a low of 28,613.05 in day trading. At the same time, the Nifty touched a high of 9,127.55 and a low of 8,407.05. Shares of 28 companies on the BSE closed on the green mark, while shares of just two companies closed on the red mark. At the same time, stocks of 44 companies were seen buying on NSE and selling in shares of six companies.
The Supreme Court’s decision had the biggest impact on the stocks of banking companies, as these banks have huge debt on telecom companies. At the same time, shares of some IT companies saw a slight rise.