Sensex tumbles over 300 points in volatile trade
The Hindu
The broader NSE Nifty declined 99.35 points or 0.62% to end at 16,025.80
Benchmark indices wiped out early gains as volatility yet again ruled the markets, with the Sensex extending its decline to the third day running on Wednesday, falling over 300 points amid a sell-off in IT stocks.
The 30-share BSE Sensex tanked 303.35 points or 0.56% to settle at 53,749.26. During the day, the benchmark hit a low of 53,683.16 and a high of 54,379.59.
The broader NSE Nifty declined 99.35 points or 0.62% to end at 16,025.80.
From the Sensex pack, Asian Paints, TCS, Wipro, Tech Mahindra, Larsen & Toubro, Infosys, State Bank of India, HCL Technologies and M&M were among the biggest laggards.
In contrast, NTPC, Bharti Airtel, HDFC, Kotak Mahindra Bank, Nestle, ICICI Bank and ITC were the prominent gainers.
Asian markets in Hong Kong, Shanghai and Seoul ended with gains, while Tokyo was marginally lower.
Exchanges in Europe were trading in the green in the afternoon trade.
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