Sensex, Nifty tumble over 2% on war concerns, F&O trading restrictions
• Equity market indices plunged over 2%, their worst decline in two months.
• The decline was attributed to weak global sentiment and concerns over reduced trading volumes following new SEBI regulations for the Futures and Options (F&O) segment.
• The S&P BSE Sensex fell 1,769.19 points, or 2.10%, to 82,497 points.
• The NSE Nifty-50 index also fell 546.80 points, or 2.12%, to 25,250.10.
• Traders reacted to the government’s appointment of three new external members to the RBI’s MPC and new SEBI rules to curb speculative trading in derivatives.