Urjit Patel resignation: Analysts warn of bloodbath in markets
Brokerage firm HDFC Securities' VK Sharma said the resignation can "knock off" 200 points from the Nifty, which corrected by 1.92 percent to close at 10,488.45 points on Monday primarily due to fears of the ruling BJP getting trounced in the state elections Tuesday.
A majority of the voices trickling in said they were shocked by the resignation, which comes amidst a palpable truce between government and RBI. Image source: Reuters