Sensex nosedives 1,457 points amid global rout; Nifty crashes below 15,775
The Hindu
The Nifty tanked 427.40 points or 2.64% to close at 15,774.40
Equity benchmarks had another rough day on Monday, with the Sensex plummeting 1,457 points and the Nifty tumbling to the 15,774 level, mirroring an extremely weak trend in global markets along with unrelenting foreign fund outflows.
Index majors ICICI Bank, Infosys and Reliance Industries bore the brunt of heavy selling.
The 30-share BSE Sensex tumbled 1,456.74 points or 2.68% to settle at 52,846.70. During the day, it plummeted 1,776.36 points or 3.27% to 52,527.08.
The Nifty tanked 427.40 points or 2.64% to close at 15,774.40.
Bajaj Finserv, Bajaj Finance, IndusInd Bank, Tech Mahindra, ICICI Bank, TCS, NTPC, Infosys and State Bank of India were the major laggards in the Sensex pack.
The BSE benchmark had ended 1,016.84 points or 1.84% lower at 54,303.44 on Friday. The broader NSE Nifty had plunged 276.30 points or 1.68% to 16,201.80.
Elsewhere in Asia, markets in Seoul, Tokyo, Hong Kong and Shanghai settled with deep cuts.
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