Sensex slumps over 600 points in early trade; Nifty slips below 16,650 level
The Hindu
ICICI Bank was the top loser in the Sensex pack, shedding 3.46%
Equity benchmark Sensex tumbled over 600 points in the opening session on March 2 following a selloff in global equity markets amid escalating tensions between Russia and Ukraine.
Besides, surging international crude prices and unabated foreign capital outflows weighed on investor sentiment.
The BSE gauge was trading 613.55 points or 1.09% lower at 55,633.73 in early trade. Likewise, the Nifty fell 175.30 points or 1.04% to 16,618.60.
ICICI Bank was the top loser in the Sensex pack, shedding 3.46%, followed by Asian Paints, Maruti, HDFC twins, Kotak Bank and Ultratech Cement.
On the other hand, Tata Steel, M&M, Reliance Industries, PowerGrid, NTPC and Tech Mahindra were the gainers.
In the previous session, the 30-share BSE index settled 388.76 points or 0.70% higher at 56,247.28. Likewise, the broader NSE Nifty jumped 135.50 points or 0.81% to end at 16,793.90.
Equity markets were closed on March 1 for Mahashivratri.
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