Markets break 5-day rally; Sensex tumbles 709 points on weak global trends
Zee News
From the 30-share Sensex pack, Tata Steel, Tech Mahindra, Kotak Mahindra Bank, Infosys, Reliance Industries Limited, Axis Bank and HCL Tech were the major drags.
Mumbai: Equity benchmarks Sensex and Nifty halted their five-day rally on Tuesday and settled deep in the red, mirroring weak global markets, with decline in index heavyweights Reliance Industries, Infosys and HDFC Bank.
Despite opening with gains of over 200 points, the 30-share Sensex turned highly volatile and tumbled 709.17 points or 1.26 per cent to close at 55,776.85. During the day, the benchmark index plunged 1,067.07 points or 1.88 per cent to 55,418.95.
The broader NSE Nifty also declined 208.30 points or 1.23 per cent to close at 16,663.
From the 30-share Sensex pack, Tata Steel, Tech Mahindra, Kotak Mahindra Bank, Infosys, Reliance Industries Limited, Axis Bank and HCL Tech were the major drags.
On the other hand, Mahindra & Mahindra, Maruti Suzuki, Nestle India, Asian Paints and Titan were among the gainers.
