Sensex, Nifty tank on heavy foreign fund outflows
The Hindu
Sensex and Nifty tumbled about 1.5% amid heavy foreign fund outflows and selling in HDFC Bank, Larsen & Toubro and Reliance Industries.
Benchmark equity indices Sensex and Nifty tumbled about 1.5% on May 09 amid heavy foreign fund outflows and selling in HDFC Bank, Larsen & Toubro and Reliance Industries.
Declining for the third day running, the 30-share BSE Sensex dropped 1,062.22 points or 1.45% to settle at 72,404.17. During the day, it tanked 1,132.21 points or 1.54% to 72,334.18.
The NSE Nifty dived 345 points or 1.55% to 21,957.50. During the day, it tumbled 370.1 points or 1.65% to 21,932.40.
From the Sensex basket, Larsen & Toubro tanked over 5% after March quarter earnings.
Asian Paints, JSW Steel, ITC, Bajaj Finance, IndusInd Bank, Tata Steel, NTPC, Bajaj Finserv, HDFC Bank, Reliance Industries and Power Grid were among the laggards.
In contrast, Tata Motors, Mahindra & Mahindra, State Bank of India, Infosys and HCL Tech were the gainers.
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