Sensex slumps over 440 factors, Nifty slips beneath 15,000 in early commerce


Mumbai, March 5

The BSE benchmark Sensex tumbled over 440 points and the NSE Nifty cracked below the key 15,000-level in early trade on Friday in line with a slump in other Asian markets as US bond market turmoil continued to fan investor worries globally.

The BSE gauge Sensex was trading at 50,405.99, showing a drop of 440.09 points or 0.87 per cent in the opening session.

Similarly, the NSE barometer Nifty was quoted lower by 124.75 points or 0.83 per cent at 14,956.

On the Sensex chart, IndusInd Bank, ICICI Bank, SBI, PowerGrid and HDFC Bank emerged as major laggards — dropping as much as 3 per cent.

Of the Sensex shares, 21 traded in the red.

Elsewhere in Asia, equity markets continued their decline on Friday following a retreat on Wall Street amid concerns over rising yields in bond markets. PTI



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