Home Business Sensex tanks over 600 pts in early commerce; Nifty slips below 11,000

Sensex tanks over 600 pts in early commerce; Nifty slips below 11,000

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Image Source : FILE Sensex tanks over 600 pts in early commerce

Equity benchmark Sensex plunged over 600 factors in early commerce on Thursday, monitoring huge sell-off in international shares amid heavy overseas fund outflow. After sinking 609.63 factors, the 30-share index was buying and selling 571.26 factors or 1.52 per cent decrease at 37,097.16, and the NSE Nifty cracked 169.40 factors or 1.52 per cent to 10,962.45.

All Sensex parts had been in the purple with M&M, Bajaj Finance, IndusInd Bank, Maruti, Axis Bank, Bajaj Finserv and ICICI Bank shedding as much as 3 per cent.

In the earlier session, Sensex settled 65.66 factors or 0.17 per cent decrease at 37,668.42, whereas Nifty shed 21.80 factors or 0.20 per cent to shut at 11,131.85.

Exchange information confirmed that overseas institutional traders offered equities value Rs 3,912.44 crore on a web foundation on Wednesday.

According to merchants, heavy sell-off in US equities in in a single day session, adverse cues from Asian friends and overseas fund outflow hit investor sentiment.

Bourses in Shanghai, Hong Kong, Tokyo and Seoul had been buying and selling with heavy losses in mid-day offers monitoring weak spot on Wall Street.

Stock exchanges in the US ended as much as 3 per cent decrease in in a single day session on issues over financial restoration.

Meanwhile, worldwide oil benchmark Brent crude was buying and selling 1.03 per cent decrease at USD 41.34 per barrel.

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