Dynamite News
Sensex plunges over 400 pts; HDFC Bank cracks 3 pc
Domestic equity benchmark BSE Sensex plunged over 400 points in early trade Monday amid heavy foreign fund outflow and weak domestic as well as global cues.
Mumbai: Domestic equity benchmark BSE Sensex plunged over 400 points in early trade Monday amid heavy foreign fund outflow and weak domestic as well as global cues.
The 30-share index was trading 373.14 points or 0.97 per cent lower at 37,963.87 at 0930 hours; and the broader Nifty also sank 116.80 points or 1.02 per cent to 11,302.45.
In the previous session, the 30-share index cracked 560.45 points or 1.44 per cent to settle at 38,337.01. Similarly, the broader NSE Nifty sank 177.65 points or 1.53 per cent to 11,419.25. This was the second-biggest fall for the Sensex in 2019. The index had plunged 792.82 points on July 8 following the Budget.
In early trade, HDFC Bank was among the top losers in the Sensex pack, cracking up to 3 per cent, after the lender reported a rise in non-performing assets (NPAs).
Meanwhile, the Indian rupee depreciated 22 paise (intra-day) to 69.02 against the US dollar. (PTI)