Sensex, Nifty down nearly 3%, over 20 stocks in BSE500 fell 10-20%

Sensex, Nifty down nearly 3%, over 20 stocks in BSE500 fell 10-20%

Weak global cues, geopolitical tensions, muted macroeconomic data, loan restructuring weighed on the banking space are some of the factors which led to a near-3 percent drop in benchmark indices for the week ended September 4.

The S&P BSE Sensex fell 2.8 percent while the Nifty50 was down by 2.7 percent for the week ended September 4.

Broader markets fell in-line as the S&P BSE Small-cap index saw a fall of 2.6 percent while the S&P BSE Mid-cap index was down 2.7 percent in the same period.

There are as many as 24 stocks in the S&P BSE 500 index that fell 10-20 percent in the same period which include names like DLF, Oberoi Realty, Axis Bank, Indiabulls Housing Finance, Future Retail, and TCNS Clothing, etc. among others.