Markets plunged sharply on Wednesday and lost nearly 2%, tracking feeble cues. Pressure in the private banking majors post HDFC bank’s number combined with weak global cues was weighing on the sentiment.

Dear Trader… Domestic equities plunged – 2% amid a weak environment globally and a selloff in HDFC Bank. Nifty future saw a sharp decline as selling intensified during the day and closed with a loss of 442 points (-2.1%) at 21587 levels. Barring IT, all sectors ended in red amid