Today,1st April the Indian equity markets slid lower, in tune with Asian Markets, in the first trading session of FY21.
The S&P BSE Sensex was down 702 points, or 2.4 percent, at 28,750 levels, and the Nifty50 index slipped 210 points, or 2.5 percent, to 8,380 levels. Kotak Mahindra Bank (down 8 percent) was the top drag on the Sensex while State Bank of India (down 4 percent) and HDFC Bank (down 3 percent) were the other major losers. On the other hand, IndusInd Bank jumped as much as 9 percent intraday. Among sectors, the Nifty Bank index slipped over 3 percent.
The broader market, on the other hand, relatively outperformed. The S&P BSE MidCap index was down 0.6 percent and the S&P BSE SmallCap index was flat.
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