Sensex Falls 500 Points as Banking Stocks Bleed: What's Spooking the Market?
The Indian stock market ended the week on a sour note, with the BSE Sensex plunging over 500 points and the Nifty 50 slipping below the crucial 25,000 mark. A sharp sell-off in banking stocks, triggered by Axis Bank's weak Q1 results, was the primary reason for the market's steep fall.
By Vipin Bihari