Sensex tumbles over 460 points on selling in energy, banking stocks
Zee News
The 30-share BSE benchmark plummeted 460.19 points or 0.80 per cent to end at 57,060.87 despite a firm opening. During the day, it hit a high of 57,975.48 and a low of 56,902.30.
Mumbai: Benchmark equity indices Sensex and Nifty gave up early gains to close down by over 0.8 per cent due to fag-end selling in Axis Bank, Reliance Industries and Infosys.
The 30-share BSE benchmark plummeted 460.19 points or 0.80 per cent to end at 57,060.87 despite a firm opening. During the day, it hit a high of 57,975.48 and a low of 56,902.30.
The NSE Nifty tanked 142.50 points or 0.83 per cent to 17,102.55. Axis Bank, Power Grid, Wipro, State Bank of India, Maruti, Titan and NTPC were among the major laggards from the Sensex pack.
Shares of Axis Bank tumbled 6.57 per cent a day after the company reported a 49.77 per cent jump in its consolidated net profit for the March quarter.
In contrast, Kotak Mahindra Bank, HDFC Bank, Sun Pharma, Tata Steel and Dr Reddy's were among the gainers.
