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Sensex drops 250 pts; Nifty below 11,450
The benchmark BSE Sensex extended its losing streak by falling over 250 points in early trade Wednesday, led by losses global markets amid rising US-China tension.
Mumbai: The benchmark BSE Sensex extended its losing streak by falling over 250 points in early trade Wednesday, led by losses global markets amid rising US-China tension.
The 30-share index was trading 205.12 points, or 0.54 per cent, lower at 38,071.51. Similarly, the broader NSE Nifty was down 63.65 points, or 0.55 per cent, at 11,434.25.
In the previous session on Monday, the BSE bourse ended 323.71 points, or 0.84 per cent, lower at 38,276.63. The NSE Nifty too dropped 100.35 points to settle below the 11,500 level at 11,497.90.
Also Read: Rupee slips 21 paise to 69.64 vs USD in early trade
On the currency front, the rupee depreciated 20 paise to 69.62 against the US dollar.
Brent crude futures, the global oil benchmark, were trading 0.44 per cent higher at USD 70.19 per barrel.