Sensex tanks over 400 points in early trade; Nifty slips below 14,800
The Hindu
Elsewhere in Asia, bourses in Shanghai, Hong Kong and Tokyo were in the red in mid-session deals, while Seoul was trading marginally higher.
Equity benchmark Sensex tumbled over 400 points in early trade on Wednesday, dragged by losses in index majors HDFC twins, Infosys and ICICI Bank amid a negative trend in global markets. The 30-share BSE index was trading 440.84 points or 0.88% lower at 49,695.74, and the broader NSE Nifty dropped 116.05 points or 0.78% to 14,729.05. The HDFC duo was the top laggard in the Sensex pack, shedding over 2%, followed by Tech Mahindra, PowerGrid, ICICI Bank, Infosys and Kotak Bank.
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