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Sensex tanks over 400 points in early trade Nifty drops below 14,750
Updated On: 12 May, 2021 10:45 AM IST | Mumbai | PTI
The 30-share BSE index was trading 403.16 points or 0.82 per cent lower at 48,758.65 in initial deals.
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Equity benchmark Sensex tumbled over 400 points in early trade on Wednesday, tracking losses in index majors HDFC twins, Reliance Industries and ICICI Bank amid negative cues from global markets. The 30-share BSE index was trading 403.16 points or 0.82 per cent lower at 48,758.65 in initial deals. Similarly, the broader NSE Nifty fell 112.80 points or 0.76 per cent to 14,737.95. HDFC was the top loser in the Sensex pack, shedding over 2 per cent, followed by M&M, HUL, Nestle India, Tech Mahindra and ICICI Bank.
On the other hand, PowerGrid, NTPC, L&T, SBI and ONGC were among the gainers. In the previous session, Sensex ended 340.60 points or 0.69 per cent lower at 49,161.81, and Nifty slumped 91.60 points or 0.61 per cent to close at 14,850.75. Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 336 crore on Tuesday, according to provisional exchange data.
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