Mumbai: Benchmark indices took U-turn from record high levels touched during early trade on Tuesday, with the BSE Sensex tripping nearly 383 points and the NSE Nifty shedding over 119 points as investors hurried up to book profits.
An intense selling was seen, barring initial hours, across sectors after market participants sensed that exit polls euphoria over BJP’s likely win in the general election has already been factored in appropriately.
Tata Motors was the biggest loser, dipping 7.05 pc. Maruti, IndusInd Bank, M&M, Bharti Airtel, SBI, PowerGrid, Hero MotoCorp, Tata Steel, ICICI Bank, Infosys, YES Bank and TCS fell too.
