Sensex tanks over 300 pts in early trade, Nifty tests 15,500
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Send The 30-share BSE index was trading 309.54 points or 0.60 per cent lower at 51,625.34 in initial deals, and the broader NSE Nifty fell 70.45 points or 0.45 per cent to 15,504.40.
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Mumbai:
Equity benchmark Sensex tumbled over 300 points in early trade on Wednesday, tracking losses in index-heavyweights HDFC, Infosys and ICICI Bank amid a largely negative trend in global markets.
The 30-share BSE index was trading 309.54 points or 0.60 per cent lower at 51,625.34 in initial deals, and the broader NSE Nifty fell 70.45 points or 0.45 per cent to 15,504.40.
Tech Mahindra was the top loser in the Sensex pack, shedding over 3 per cent, followed by ITC, HDFC, HCL Tech, Kotak Bank, Infosys and ICICI Bank.
Sensex turn flat after reclaiming 52k: Key factors driving D-St today
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Last Updated: Jun 01, 2021, 11:51 AM IST
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The ongoing bull run in the market has taken even the incorrigible optimists by surprise. FIIs, regarded as smart investors, have been caught on the wrong foot.
The fact that India VIX is at a 52- week low also indicates the resilience of the market, said an analyst.
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NEW DELHI: Buying in bank and auto stocks lifted benchmark indices to another high on Tuesday as better-than-expected GDP numbers gave hopes to investors but soon profit booking kicked in and indices turned flat.
The 30-share BSE index was trading 271.72 points or 0.52 per cent higher at 52,209.16 in initial deals, and the broader NSE Nifty rose 69.70 points or 0.45 per cent to 15,652.50.