Late Sell-off Drags Sensex
Benchmark indices saw major selling pressure in late trade on April 25 and reversed more than half of previous day’s gains.
The BSE Sensex fell 323.82 points to 38,730.86 and the Nifty50 dropped 84.40 points to 11,641.80 amid rising crude oil prices.
Banking & financials pulled the market lower.
Bharti Infratel (down 10.22 percent), Tata Steel (2.76 percent), Vedanta (2.49 percent), Indiabulls Housing Finance (2.11 percent) and Hindalco (2.07 percent) were top losers.
UltraTechCement and Grasim Industries rallied 5 percent each. BPCL, Dr Reddy’s Labs and UPL were other gainers.