Sensex tanks over 500 pts in early trade; Nifty drops below 17,500
The Hindu
Elsewhere in Asia, bourses in Tokyo and Seoul were trading in the red in mid-session deals; Shanghai and Hong Kong markets were closed for a holiday
Equity benchmark Sensex plunged over 500 points in early trade on October 1, tracking losses in index majors HDFC twins, ICICI Bank and Infosys amid sustained foreign fund outflow and a weak trend in global markets.
The 30-share Sensex was trading 500.67 points or 0.85% lower at 58,625.69. Similarly, the Nifty declined 150.40 points or 0.85% to 17,467.75.
Maruti was the top loser in the Sensex pack, shedding around 2%, followed by HDFC Bank, Bajaj Finserv, ICICI Bank, Bharti Airtel and HDFC.
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