Sensex slumps over 1,100 points in early trade; Nifty falls below 16,950
The Hindu
Titan was the top loser in the Sensex pack, shedding 4.06%
Equity benchmark Sensex tanked over 1,100 points or 2% in opening trade on January 27, tracking losses in index-majors Titan, Wipro and HDFC twins amid a weak trend in the Asian markets.
The U.S. Federal Reserve's indication to raise interest rates soon and persistent foreign fund outflows weighed on market sentiment, traders said.
The BSE gauge was trading 1,155.61 points or 2% lower at 56,702.54 in early trade. Likewise, the Nifty declined 329.15 points or 1.91% to 16,948.80.
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