Blue chips drag; Sensex tanks 559 points, Nifty falls 161 points
Zee News
The 30-share BSE Sensex was trading 559.46 points lower at 55,115.86. The broader NSE Nifty fell by 161.05 points to 16,408.50.
Mumbai: Equity benchmark indices extended their decline for the third day running on Tuesday, with the BSE Sensex tumbling over 559 points in early trade, as foreign funds outflow and elevated crude oil prices continued to play spoilsport ahead of the RBI's policy decision on Wednesday.
The 30-share BSE Sensex was trading 559.46 points lower at 55,115.86. The broader NSE Nifty fell by 161.05 points to 16,408.50. (Also read: Foreign investors pull out nearly Rs 40,000 crore from equities in May)
From the Sensex pack, Titan, Dr Reddy's, HUL, Asian Paints, Nestle, Sun Pharma, Maruti and Kotak Mahindra Bank were the biggest laggards. (Also read: Rakesh Jhunjhunwala portfolio stock jumps 5%, should you buy, sell or hold? )
In contrast, NTPC and Reliance Industries were the gainers.
Elsewhere in Asia, markets in Tokyo and Shanghai were trading in the green, while Hong Kong and Seoul were quoting lower.
