Sensex drops over 250 factors in early commerce; Nifty slips beneath 15,050


Mumbai, February 19

Equity benchmark Sensex dropped over 250 points in early trade on Friday tracking losses in banking and financial stocks amid negative cues from global markets.

The 30-share BSE index was trading 281.86 points or 0.55 per cent lower at 51,042.83.

Similarly, the broader NSE Nifty was quoting 87.25 points or 0.58 per cent down at 15,031.70.

PowerGrid was the top loser in the Sensex pack, shedding around 3 per cent, followed by ICICI Bank, NTPC, Bajaj Auto, Maruti, Bajaj Finance and SBI.

On the other hand, HUL, Reliance Industries, Bharti Airtel, L&T, M&M and HCL Tech were among the gainers.

In the previous session, Sensex ended 379.14 points or 0.73 per cent lower at 51,324.69, and Nifty dropped 89.95 points or 0.59 per cent to finish at 15,118.95.

Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 903.07 crore on Thursday, as per exchange data. PTI



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