Dynamite News Sensex tanks nearly 400 pts; Nifty near 11,700
Market benchmark Sensex plunged nearly 400 points in opening session on Wednesday tracking losses in index-heavyweights RIL, HDFC twins and ICICI Bank amid heavy foreign fund outflow and weak global cues.
Mumbai: Market benchmark Sensex plunged nearly 400 points in opening session on Wednesday tracking losses in index-heavyweights RIL, HDFC twins and ICICI Bank amid heavy foreign fund outflow and weak global cues.
After starting over 393.03 points lower, the 30-share index pared some losses to trade 201.94 points, or 0.50 per cent, down at 40,079.26. Similarly, the NSE Nifty dropped 58.10 points, or 0.49 per cent, at 11,739.80.
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Rupee slides 16 paise against dollar to 68.24
In the previous session, the Sensex settled 82.03 points, or 0.20 per cent, lower at 40,281.20, and the Nifty declined 31.50 points or 0.27 per cent to end at 11,797.90.
Brent crude oil futures rose 0.50 per cent to USD 54.53 per barrel.
Also Read | Rupee rises 3 paise to 71.31 vs USD
The rupee appreciated 6 paise to 71.78 against the US dollar in morning session.(PTI)