Sensex tumbles over 480 points in early trade; Nifty tests 17,800
Zee News
The 30-share BSE barometer was trading 481.86 points lower at 59,694.64 in opening trade. Similarly, the broader NSE Nifty declined 138.25 points to 17,819.15.
Mumbai: The BSE benchmark Sensex on Wednesday tumbled over 480 points in opening trade and fell below the 60,000-level, dragged down by banking and financial stocks, amid weak global trends.
The 30-share BSE barometer was trading 481.86 points lower at 59,694.64 in opening trade. Similarly, the broader NSE Nifty declined 138.25 points to 17,819.15.
From the 30-share pack, HDFC Bank, HDFC, Kotak Mahindra Bank, Wipro, M&M, Axis Bank and Kotak Mahindra Bank were the major laggards in early trade.
In contrast, NTPC, Tata Steel, Larsen & Toubro and UltraTech Cement were among the gainers.
On Tuesday, the BSE Sensex slumped 435.24 points or 0.72 per cent to finish at 60,176.50. Similarly, the NSE Nifty tumbled 96 points or 0.53 per cent to 17,957.40.
