Nifty Slumps over 2%, Posts Biggest Fall this Year
January 27, 2014 5:31 PM EST
The Nifty fell as much as 2.1 percent on Monday and headed towards its biggest daily since September 3 as a rout in emerging markets hit blue chips, while lenders were hit further by caution ahead of the central bank's policy review.
The Nifty was down 2.05 percent at 2:56 p.m., heading for its biggest fall since a 3.8 percent fall on September 3 when domestic shares were hit by worries about military tensions in Syria.
The Sensex lost 2.03 percent.