Sensex nosedives 1,394 points in early trade; Nifty tanks to 15,800 level
The Hindu
All the 30-share Sensex pack of firms were trading lower in early trade
The Sensex further plummeted over 1,394 points in early trade on June 13, while the Nifty slumped to the 15,800 level, tracking weak global markets and unrelenting foreign fund outflows.
Weakness in index majors Reliance Industries and ICICI Bank also weighed on the domestic equity markets.
The 30-share BSE benchmark was trading 1,394.17 points lower at 52,909.27. The Nifty tanked 399.55 points to 15,802.25.
All the 30-share Sensex pack of firms were trading lower in early trade, with Bajaj Finserv, Bajaj Finance, ICICI Bank, State Bank of India, Reliance Industries, Kotak Mahindra Bank, Tech Mahindra and IndusInd Bank emerging as the major laggards.
The BSE benchmark index had ended 1,016.84 points or 1.84 per cent lower at 54,303.44 on Friday. The broader NSE Nifty plunged 276.30 points or 1.68 per cent to 16,201.80.
Elsewhere in Asia, markets in Seoul, Tokyo, Hong Kong and Shanghai were trading with deep cuts in mid-session deals.
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