Markets fall sharply in early trade mirroring weak global equities
The Hindu
While the BSE benchmark Sensex tanked 1,220.76 points, the NSE Nifty plunged 355 points in early trade on Monday
Benchmark indices went into a tailspin in the opening trade on Monday as they tumbled over 2% each, mirroring an extremely weak global market trends.
The BSE benchmark Sensex tanked 1,220.76 points to 57,613.11 in early trade, with all its 30 components trading in the red. The NSE Nifty plunged 355 points to 17,203.90. Both the indices fell over 2%.
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All the 30-share Sensex pack of firms were trading in the red, with Tech Mahindra, Infosys, HCL Technologies, Wipro, Tata Consultancy Services, Tata Steel and Power Grid emerging as the biggest laggards.
The Asian markets in Seoul, Tokyo, Shanghai and Hong Kong were trading in the red in mid-session deals.
The U.S. markets had ended significantly lower on Friday.
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