Equity benchmark Sensex
tumbled over 300 points in early trade on Monday dragged by losses in
index-heavyweights HDFC twins, ICICI Bank and Infosys amid negative cues from
global markets. The 30-share index was trading 323.91 points, or 0.92 per cent,
lower at 34,847.36, while the NSE Nifty fell 83.65 points, or 0.81 per cent, to
10,299.35. Bajaj Finance was the top loser in the Sensex pack, dropping around
4 per cent, followed by Axis Bank, IndusInd Bank, ICICI Bank, SBI, HDFC duo and
Infosys.
On the other hand, ITC, Sun
Pharma, Nestle India and PowerGrid were among the gainers. In the previous
session, the BSE barometer closed 329.17 points, or 0.94 per cent, higher at
35,171.27, and the broader Nifty surged 94.10 points, or 0.90 per cent, to
finish at 10,383. Foreign institutional investors were net sellers on Friday,
offloading equities worth Rs 753.18 crore, provisional exchange data showed. --
PTI
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