Strong selling was seen in the Indian stock market on the morning of 13 February. NIFTY 50 opened gap-down at 25,571 and fell to 25,513, while BSE Sensex slid to 82,771 from 82,902. The main reasons for the decline were selling in IT stocks, US market weakness and uncertainty about the upcoming US CPI data. After the recent rally, profit-booking and Rupee weakness also weighed on sentiment. Experts say there is no need to panic, amid short-term volatility there can be a correction opportunity for long-term investors.
Investors alerted due to heavy selling in stock market, sharp fall in Nifty-Sensex. Money Live | Heavy selling in the stock market, sharp decline in Nifty-Sensex has investors on alert
