Added on : 2019-05-23 17:13:36
The Sensex fell as much as 1,473 points from a record high of 40,124.96 and the NSE Nifty 50 Index declined as much as 427 points from a record high of 12,041.15 to hit intraday low of 11,614.50. The Sensex ended 299 points lower at 38,811 and the NSE Nifty 50 Index fell 0.69 percent or 81 points to shut shop at 11,657. Losses in FMCG, metals and information technology shares weighed on the benchmarks.
Analysts said that the investors booked profits at high levels as BJP's victory in the elections was factored in and shifted focus to global cues as concerns grew that the China-US trade conflict was fast turning into a technology cold war between the world's two largest economies.