Sensex sharply tumbles 500 points on first monthly expiry after CAS, Nifty closes below 24,100. What lies ahead?

Indian equities fell sharply on Thursday, erasing gains during the first monthly expiry under the new closing auction session. Sensex dropped 539 points, or 0.7%, while Nifty declined 117 points, or 0.48%. HDFC Bank and NTPC led losses, while Kotak Mahindra Bank, ICICI Bank and Tech Mahindra gained. Listen to this article in summarized format Loading... × The Indian stock market erased all gains to close in the red, with Sensex seeing a sharp downturn at the fag end of the session on its first monthly expiry following the introduction of the clo... [4129 chars]