Sensex tumbles 300 points; Nifty ends below 16,500

The 30-share index ended 300.17 points or 0.54 per cent lower at 55,329.32, while the broader NSE Nifty declined 118.35 points or 0.71 per cent to 16,450.50.

Mumbai: Equity benchmark Sensex slumped 300 points on Friday, tracking losses in index majors Tata Steel, Reliance Industries and Kotak Bank amid a heavy sell-off in global equities. The 30-share index ended 300.17 points or 0.54 per cent lower at 55,329.32, while the broader NSE Nifty declined 118.35 points or 0.71 per cent to 16,450.50. Tata Steel was the top loser in the Sensex pack, plunging over 8 per cent, followed by SBI, Dr Reddy's, Kotak Bank, Sun Pharma, Bajaj Auto and L&T.