The reason

Indian stock market investors are concerned as India’s shadow banking sector could face a liquidity crisis after a key player in the sector, Infrastructure Leasing & Financial Services Ltd. missed debt payments on Friday. Investors are also spooked by a host of other factors such as surging bad loans at banks, a plunging currency and volatile stocks as foreign investors pull money from emerging markets. With all the major sectors contributing to the sell-off, top sectoral losers were banking, auto and finance.