Sensex drops over 150 pts, Nifty slips below 11,300

Mumbai: Equity benchmark BSE Sensex dropped over 150 points on Thursday tracking losses in banking stocks amid unabated foreign fund outflow.

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The 30-share index was trading 170.98 points, or 0.45 per cent, lower at 38,006.97 at 0930 hours. Similarly, the broader NSE Nifty fell 48.60 points, or 0.43 per cent, to 11,264.70.

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In the previous session, the BSE barometer surged 645.97 points or 1.72 per cent to end at 38,177.95, while the Nifty zoomed 186.90 points or 1.68 per cent to 11,313.30.

Also Read: Rupee slips 20 paise to 71.22 vs USD in early trade 

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The rupee, meanwhile, appreciated 5 paise against its previous close to trade at 71.02 in early session.(PTI)
 

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