Sensex tumbles over 300 points, Nifty slips below 18,200
The Hindu
BSE Sensex was trading 306.32 points or 0.50% lower at 60,837.01; NSE Nifty fell 89.50 points or 0.49% to 18,121.45
Equity benchmark Sensex drops over 300 points in early trade on October 28 tracking losses in index majors ICICI Bank, HDFC and Infosys, amid a weak trend in global markets and unabated foreign fund outflow.
The 30-share index was trading 306.32 points or 0.50% lower at 60,837.01 in initial deals. Similarly, the Nifty fell 89.50 points or 0.49% to 18,121.45.
ICICI Bank was the top loser in the Sensex pack, shedding around 2%, followed by Tata Steel, ITC, SBI, HDFC and Titan.
Shares of Adani Group companies lost about $28 billion in market value in morning trade on November 21 after U.S. prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.
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Stocks of Gautam Adani’s seven listed companies on the bourses crashed on open after the New York Eastern district court indicted Gautam Adani, Sagar Adani, Vineet S. Jain and their associates and bribery and securities fraud on November 21, 2024
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Stock markets in India closed for Maharashtra elections, with a bounce back in domestic indices observed on Tuesday.
The sensor systems for vehicles in India are all imported. Nothing is made in India though they are engineered at a sustainable low cost, said ISRO Chairman S. Somanath.