Article by Hiral Vilas
With announcement of Rail budget 2014 by NDA ruled government. Mumba stock market dropped by 518 points and remained at 25,582.11 while the nifty on NSE closed 164 points lower at 7,623. In a span of months, it is the single largest fall of stock market. Many blue chip scripts fell today.
Institutional dealers stated that there was not much of fund selling. On the other hand speculators with leveraged positions, to cut their losses, sold as the market slid through the day, dealers said.