Sensex tanks 525 points on global selloff; Nifty drops below 17,400
The Hindu
Tata Steel was the top loser in the Sensex pack, followed by SBI, IndusInd Bank, HDFC, Dr. Reddy’s and M&M.
Equity benchmark Sensex plunged 525 points on Monday, led by losses in index majors HDFC twins, Tata Steel and ICICI Bank amid a selloff in global markets.
The 30-share BSE index ended 524.96 points or 0.89% lower at 58,490.93. Similarly, the broader NSE Nifty tumbled 188.25 points or 1.07% to 17,396.90.
Tata Steel was the top loser in the Sensex pack, sinking nearly 10%, followed by SBI, IndusInd Bank, HDFC, Dr. Reddy’s and M&M.
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