Sensex tumbles 770 points to close below 59,000-mark; Nifty tests 17,500

The 30-share BSE index ended 770.31 points or 1.29 per cent lower at 58,788.02. Similarly, the NSE Nifty plunged 219.80 points or 1.24 per cent to 17,560.20.

Mumbai: Equity benchmark Sensex slumped 770 points to close below the 59,000-mark on Thursday as selling pressure intensified towards the fag-end amid profit-booking in IT and finance counters.

Relentless foreign capital outflows also weighed on sentiment, traders said.

The 30-share BSE index ended 770.31 points or 1.29 per cent lower at 58,788.02. Similarly, the NSE Nifty plunged 219.80 points or 1.24 per cent to 17,560.20.