Key Points
The Nifty PSE (Public Sector Enterprises) index plummeted almost 4% on Monday, its highest single-day decline since January 23, when the index fell 4.3%..
The index dropped 2.7% on Friday.Agencies"Results of many PSUs have also been below par and could lead to deeper selloffs in those stocks," said Sandip Sabharwal, founder, Asksandipsabhwawal.com, an investment advisory...
Mumbai: The selloff in shares of public sector companies aggravated on Monday as disappointing third-quarter results of a few prompted traders to liquidate bullish bets..
In the past three months, the Nifty PSE index surged close to 29%, while the Smallcap 100 and Midcap 100 indices rose about 16-17% each...
The Nifty PSE index has seen no correction in past couple of months despite the sharp run up, said Jain..
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