Sensex tanks 587 points; HDFC Bank slumps over 3%

The 30-share BSE index ended 586.66 points or 1.10 per cent lower at 52,553.40, while the broader NSE Nifty fell 171 points or 1.07 per cent to 15,752.40.

Mumbai: Equity benchmark Sensex tanked 587 points on Monday, tracking heavy losses in HDFC twins, Reliance Industries and Axis Bank amid a weak trend in global markets. The 30-share BSE index ended 586.66 points or 1.10 per cent lower at 52,553.40, while the broader NSE Nifty fell 171 points or 1.07 per cent to 15,752.40. HDFC Bank was the top loser in the Sensex pack, slumping over 3 per cent, followed by IndusInd Bank, Axis Bank, HDFC, Maruti and Bajaj Finance.