News Cubic Studio

Truth and Reality

Sensex breaks over 300 points in early trade, Nifty below 15,500

Major stock index Sensex tumbled over 300 points in early trade on Wednesday, led by losses in major stocks like HDFC, Infosys and ICICI Bank amid a negative trend in global markets. During this period, the 30-share BSE index was trading 309.54 points or 0.60 per cent lower at 51,625.34, while the broader NSE Nifty fell 70.45 points or 0.45 per cent to 15,504.40. The biggest fall of three percent in the Sensex was in Tech Mahindra. Apart from this, ITC, HDFC, HCL Tech, Kotak Bank, Infosys and ICICI Bank were also among the losers. On the other hand, NTPC, PowerGrid, Sun Pharma, Maruti and Reliance Industries were trading in the green. In the previous session, the Sensex closed 2.56 points lower at 51,934.88, while the Nifty slipped 7.95 points to end at 15,574.85. Foreign institutional investors (FIIs) sold shares worth 449.86 crore on a gross basis on Tuesday, according to provisional data of the stock market. Meanwhile, international oil benchmark Brent crude was trading 0.24 per cent higher at $70.42 per barrel.