The sensex fell by 490 points today morning due to panic amongst investors after hearing about the ban on 24 operators by SEBI. This was the biggest drop, and was only lesser than the 564 point fall on Black Monday about two years back.
SEBI had banned 24 operators including IndiaBulls, Karvy and Anagram yesterday in the IPO scam. Though SEBI had clarified that the ban on the broking firms is applicable only to their own account (proprietary) trading and the clients of these firms would be able to trade as usual, panic ensued.
The sensex is moving up again and is only about 60 points away from yesterdays's close.
Tagged Sensex, India