The BSE Sensex fell as much as 2.6 per cent while the Nifty lost 2.4 per cent
The 30-share index gained over 915 points in the previous three sessions; Representational Image
Mumbai: The BSE Sensex and Nifty fell over 2 per cent on Thursday to their lowest in more than 10 weeks as blue chips slumped on worries foreign investors may trim positions on risk aversion after Saudi Arabia launched air strikes in Yemen.
Foreign investors have been heavy buyers of Indian shares since early 2014, making any significant exits a particular risk to Indian markets.
The BSE Sensex fell as much as 2.6 per cent while the Nifty lost 2.4 per cent, marking their lowest intraday level since January 14.
Blue chips heavily owned by foreign investors led the falls. Housing Development Finance slumped 5.6, while ICICI Bank lost 3.6 percent.
( Source : reuters )
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