The 30-share BSE Sensex tanked 573 points intraday as the Indian Army announced the surgical strikes carried out last night on terror launch pads across the Line of Control. The BSE Sensex breached the 28,000-level and fell under it.
The BSE Sensex fell 572.89 points or 2.02% to 27,719.92, with all sectoral indices led by realty, healthcare, power and metal slumping up to 5.05%, a PTI report said
The broader National Stock Exchange Nifty index fell 186/90 points or 2.13 percent to 8,558.25.
Investor sentiment vanished and prompted a selling spree after the Director General of Millitary Operation Ranbir Singh announced that surgical strikes were carried out last night on terror launchpads across the Line Of Control and had caused causalties.
The S&P BSE 100 was down 1.71% at 8,850.91, S&P BSE 200 down 1.81%, S&P BSE MidCap down 2.86% and BSE SmallCap down 3.46%.
At 1320 hours, the BSE Sensex had recovered slightly but was still over 300 points below the red line. The BSE Sensex was trading at 27,905.03, down 387.78 or 1.37% from previous close.
In early trading hours, the BSE Sensex and NSE Nifty were trading in the green after the OPEC countries reached a surprise deal to cut oil production to support prices.