Sensex tanks over 600 pts in early commerce; Nifty slips under 14,400

Mumbai, March 19

Equity benchmark Sensex tanked over 600 points in early trade on Friday, tracking losses in HDFC Bank, L&T and Reliance Industries amid negative cues from global markets.

The 30-share BSE index was trading 617.10 points or 1.25 per cent lower at 48,599.42, and the broader NSE Nifty fell 201.35 points or 1.38 per cent to 14,356.50.

ONGC was the top loser in the Sensex pack, slumping around 5 per cent, followed by L&T, Bajaj Finance, M&M, Maruti, SBI, Titan, HDFC twins and Reliance Industries.

On the other hand, Kotak Bank, Bharti Airtel and PowerGrid were the gainers.

In the previous session, Sensex ended 585.10 points or 1.17 per cent lower at 49,216.52, and Nifty slumped 163.45 points or 1.11 per cent to 14,557.85.

Foreign institutional investors (FIIs) were net buyers in the capital market on Thursday as they bought shares worth Rs 1,258.47 crore, as per exchange data. PTI

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