Sensex slumps 433 points; Nifty drops below 17,900
The Hindu
SBI was the top loser in the Sensex pack, shedding around 3%, followed by Bajaj Finserv, Tech Mahindra, Sun Pharma, Bajaj Finance and Axis Bank.
Equity benchmark Sensex tumbled by 433 points on Thursday tracking losses in index majors ICICI Bank, HDFC and SBI amid mounting inflationary pressure in the global market and foreign fund outflows. The 30-share index ended 433.13 points or 0.72% lower at 59,919.69. Similarly, the Nifty fell 143.60 points or 0.80% to 17,873.60.
SBI was the top loser in the Sensex pack, shedding around 3%, followed by Bajaj Finserv, Tech Mahindra, Sun Pharma, Bajaj Finance and Axis Bank.
On the other hand, Titan, M&M, Reliance Industries and TCS were among the gainers.
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