Indian equities witnessed a sharp selloff in the intraday trade on February 26 which dragged the benchmark Sensex lower by more than 1,500 points and made the Nifty go below 14,700. Banking and financial stocks led the fall as the Nifty Bank, Private Bank, PSU Bank and Financial Services indices all fell up to 4 percent. At 1120 hours, Sensex was 1,435 points, or 2.81 percent, down at 49,604 while Nifty was at 14,698, down 399 points or 2.64 percent.Mid and small-caps were outperforming their larger peers as the BSE Midcap and Smallcap indices were down by 1.62 percent and 1.06 percent, respectively.

Indian equities witnessed a sharp selloff in the intraday trade on February 26 which dragged the benchmark Sensex lower by more than 1,500 points and made the Nifty go below 14,700. Banking and financial stocks led the fall as the Nifty Bank, Private Bank, PSU Bank and Financial Services indices all fell up to 4 percent. At 1120 hours, Sensex was 1,435 points, or 2.81 percent, down at 49,604 while Nifty was at 14,698, down 399 points or 2.64 percent.Mid and small-caps were outperforming their larger peers as the BSE Midcap and Smallcap indices were down by 1.62 percent and 1.06 percent, respectively.