Sensex tanks over 400 pts on global selloff

DN Bureau

Domestic equity benchmark BSE Sensex cracked over 400 points in early trade Monday dragged by losses in HDFC twins, L&T and RIL stocks, amid heavy selloff in global equities.

BSE
BSE

Mumbai: Domestic equity benchmark BSE Sensex cracked over 400 points in early trade Monday dragged by losses in HDFC twins, L&T and RIL stocks, amid heavy selloff in global equities.

The 30-share index was trading 405.67 points, or 1.03 per cent, lower at 39,107.72 at 0930 hours. Similarly, the broader Nifty sank 128 points, or 1.08 per cent, to 11,683.15.

Also Read: Petrol, diesel, gold and silver set to be dearer

On a net basis, foreign institutional investors sold equities worth Rs 89.38 crore, while domestic institutional investors purchased shares to the tune of Rs 275.63 crore, provisional data available with stock exchanges showed Friday.

Also Read: Rupee slips 16 paise to 68.58 against US dollar 

On the currency front, the Indian rupee depreciated 15 paise to 68.57 against the US dollar. (PTI)

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