BSE Sensex crash as much as 1,495 points to 35,993.64 from day’s high of 37,489.24. DHFL stocks slumped over 50%. The Indian rupee has also trimmed its early gains to trade around the 72 mark.
BSE Sensex and NSE’s Nifty 50 erased all morning gains and plunged over 2% dragged by finance stocks after reports of DHFL defaulting on commerce papers.
However, the markets recovered after DHFL clarified that the company has not defaulted, according to media reports. Here are the latest updates from the markets:
