Sensex slumps over 400 pts in early trade
The Hindu
Nifty slips below 16,500
Equity benchmark Sensex tanked over 400 points in early trade on Friday, tracking losses in index majors Reliance Industries, HDFC Bank and ICICI Bank amid a selloff in other Asian equities. The 30-share index was trading 445.02 points or 0.80% lower at 55,184.47, while the broader NSE Nifty slumped 147.10 points or 0.89% to 16,421.75. Tata Steel was the top loser in the Sensex pack, shedding over 3%, followed by Kotak Bank, ICICI Bank, Dr Reddy’s, SBI, L&T, Axis Bank, HDFC Bank and Reliance Industries.
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