Equity benchmark indices continued to slump today dragged down by heavy selling in IT stocks amid weak global trends and fears of escalating tensions in West Asia. Outflow of foreign fund also dented investors’ sentiment.
BSE Sensex tanked 456 points or 0.62 percent to close at 72,944. Nifty-50 slipped 125 points or 0.56 percent to settle at 22,148.
From the Sensex basket, Infosys, IndusInd Bank, Wipro, Bajaj Finance, and Tech Mahindra were the major laggards.
Titan Company, Hindustan Unilever, HDFC Bank, Maruti, Power Grid and Reliance Industries were the gainers.
In the broader market at the BSE, Midcap index rose 0.05 percent and smallcap index gained 0.57 percent.
In sectoral indices at the BSE, IT index declined 2.30 percent, Teck sector fell 2.10 percent. Oil and Gas sector rose 0.70 percent and Energy Index increased 0.54 percent.