Equities crash on growth concerns

"It is like so many things happened together, and we are now getting into results season. Ultimately, it is the numbers that are going to be important," said Anita Gandhi, Director, Arihant Capital. The nervousness in terms of the slowdown was apparent as two stocks that fell the most among the NSE Nifty stocks were Bajaj Finance and Bajaj Finserv after Sanjiv Bajaj, in a television interview on Monday, said that Bajaj Finance had seen lower growth in the first quarter of the current financial year. He also touched upon the fact that TV sales were lower than last year, and SME and rural lending were also seeing a slowdown, indicating an overall slowdown in credit. The fact that FIIs were reluctant to commit to Indian markets in the last two weeks was a signal for correction in the markets, said Umesh Mehta, Head of Research, Samco Securities. "Weight of valuation itself of large caps - the fractured nature of the current market set-up and lack of any positive triggers was one other factor which led to the fall," Mehta said. DailyhuntDisclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Dailyhunt. Publisher: The New Indian Expresshttps://splice.com/gibranjeenr