News > Sensex plunges 1,023 points, Nifty ends near 17,200

Sensex plunges 1,023 points, Nifty ends near 17,200

Markets witnessed a sharp sell-off and investors cut their exposure in financial and banking stocks ahead of the RBI credit policy to be announced later this week. There are expectations that the RBI may tinker with policy rates given the worries of a likely rate hike in the US and rising bond yields. 

The sharp fall in the market can also be attributed to persisting selling by the FIIs.