Domestic equity benchmarks Nifty 50 and Sensex ended lower on Wednesday, October 18, amid broad-based selling. Globally, sentiments were dented after the Middle East conflict intensified, and the U.S. rate worried investors. Many public sector undertaking (PSU) stocks also declined after Zee Business’ report on the Farzi Bull Run.

Zee Business carried out an operation to expose the spurious bull run in many PSU stocks. The Operation Farzi Bull Run report covered a string of stocks that have rallied in the recent past without any apparent reason and sought to protect the interests of small retail investors, especially the ill-informed ones.