by THO
Live: Nifty sees triple-digit fall; Smallcaps Bleed, PSUs Crack| Hero, Honasa in focus| Closing Bell
PSU stocks come under pressure dragging the benchmark Sensex & Nifty lower. Sensex sheds over 450 points. Nifty Bank falls below 45,000 while the PSU Bank index cracks over 3%. But the wipe-out wasn’t restricted to banking names. Rail PSUs like RVNL, IRFC, IRCTC, BEML crack 8-10% apiece while Power PSUs like SJVN, NBCC, NHPC were down anywhere between 10-20%. However, defensives like I.T. & pharma among top gainers today. Among the stocks in focus were Hero Moto Corp, Divi’s Labs and Honasa Consumers post their Q3 earnings and brokerages adjusting their targets for these counters. Nandita Khemka & Yatin Mota discuss the highlights of the trading day on Closing Bell.
