Sensex slips 650 points as Nirmala Sitharaman's Budget fails to impress investors
A sell-off in the global markets was triggered as US reported strong job data, which faded hopes of an aggressive rate cut by the Federal Reserve.
During the afternoon trade, PNB was down 10.57 per cent or ₹ 8.65 apiece to ₹ 73.15.
Heavy selling was seen in PSU banks such as Bank of India, Union Bank of India and
At 1.27 p.m., the Sensex was trading 652.69 points or 1.65 per cent lower at 38,860.70. The benchmark index opened at 38,879.29, lower from its Friday's close of 39,513.39.
The broader Nifty slipped to 11,601.05, lower by 210.10 or 1.78 per cent.