15.47 PM: Closing Bell: Bloodbath on Dalal Street as Sensex falls 1,939 points, Nifty settles below 14,550

Closing update: Indian equities witnessed a sharp selloff in the intraday trade on February 26 which dragged the benchmark Sensex lower by more than 2,148 points and made the Nifty go below 14,500. Banking and financial stocks led the fall as the Nifty Bank, Private Bank, PSU Bank and Financial Services indices all fell up to 5 percent.

At close, Sensex was 1,939 points, or 3.80 percent, down at 49,099.99 while Nifty was at 14,529.15, down 568 points or 3.76 percent.

Mid and small-caps were outperforming their larger peers as the BSE Midcap and Smallcap indices were down by 1.75 percent and 0.74 percent, respectively.

News Source: Moneycontrol

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