Sensex tanks over 400 points in early trade; Nifty drops below 14,800
The Hindu
IndusInd Bank was the top laggard in the Sensex pack, shedding over 3%.
Equity benchmark Sensex tumbled over 400 points in early trade on April 5, dragged by losses in index majors HDFC twins, ICICI Bank and Reliance Industries despite a positive trend in global markets. The 30-share BSE index was trading 434.90 points or 0.87% lower at 49,594.93, and the broader NSE Nifty dropped 109.35 points or 0.74% to 14,758. IndusInd Bank was the top laggard in the Sensex pack, shedding over 3%, followed by Bajaj Finance, Axis Bank, SBI, Bajaj Auto, Bajaj Finserv, ICICI Bank, HDFC twins and Reliance Industries.
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