Sensex drops over 250 pts; TCS down 2 pc

DN Bureau

Domestic equity benchmark BSE Sensex fell over 250 points in early trade Tuesday dragged by losses in HDFC twins and TCS as Budget tax proposals continued to spook investors.

BSE
BSE

Mumbai: Domestic equity benchmark BSE Sensex fell over 250 points in early trade Tuesday dragged by losses in HDFC twins and TCS as Budget tax proposals continued to spook investors.

After dropping over 253 points in opening session, the 30-share index pared some losses to trade 152.50 points, or 0.39 per cent, lower at 38,568.07 at 0930 hours. Similarly, the broader Nifty shed 49.25 points, or 0.43 per cent, to 11,509.35.

On the currency front, the Indian rupee depreciated 17 paise to 68.83 against the US dollar.

Meanwhile, the global oil benchmark Brent crude futures were trading 0.22 per cent lower at 63.97 per barrel. (PTI)
 

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