Sensex falls for third day, tanks 560 points in early trade
The Hindu
Sensex and Nifty updates
Benchmark equity indices Sensex and Nifty tanked in early trade on Thursday, January 18, 204, falling for the third day running, as investors continued to book profits after the recent record-breaking rally.
Also, fresh foreign fund outflows dampened the mood.
The 30-share BSE Sensex tanked 561.05 points to 70,939.71. The Nifty plunged 165.6 points to 21,406.35.
The heavy fall in the markets comes on the back of a recent record-breaking rally. The BSE benchmark hit an all-time high of 73,427.59 on Tuesday, and the Nifty also reached its lifetime peak of 22,124.15 the same day.
Among the Sensex firms, Power Grid, Asian Paints, Wipro, HDFC Bank, HCL Technologies, IndusInd Bank, NTPC, and JSW Steel were the major laggards.
Axis Bank, Bharti Airtel, UltraTech Cement, Tata Motors and Reliance Industries were the gainers.
In Asian markets, Shanghai quoted lower while Seoul, Tokyo, and Hong Kong were trading in the positive territory.
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