The stock market experienced a downturn as investors reacted to fears surrounding the liquidation of weak non-bank financial institutions (NBFIs). This sentiment triggered a sell-off, causing the DSEX index to drop by 38 points. The blue-chip DS30 index also faced significant pressure, declining by 14 points to close at 2,177.
Economy
Liquidation fears for weak NBFIs trigger sell-off as DSEX sheds 38 points
Concerns over the potential liquidation of weak non-bank financial institutions have led to a significant sell-off in the stock market.
Source: The Business Standard