Sensex tumbles over 300 factors in early commerce; Nifty slips beneath 14,800


Mumbai, March 24

Equity benchmark Sensex dropped over 300 points in early trade on Wednesday, tracking losses in index majors Reliance Industries, ICICI Bank and Infosys amid a negative trend in global markets.

The 30-share BSE index was trading 325.15 points or 0.65 per cent lower at 49,726.29, and the broader NSE Nifty declined 94.60 points or 0.64 per cent to 14,720.15.

ONGC was the top loser in the Sensex pack, shedding around 2 per cent, followed by SBI, ICICI Bank, IndusInd Bank, Reliance Industries and Infosys.

On the other hand, Asian Paints, Dr Reddy’s PowerGrid and Sun Pharma were among the gainers.

In the previous session, Sensex ended 280.15 points or 0.56 per cent higher at 50,051.44, and Nifty advanced 78.35 points or 0.53 per cent to 14,814.75.

Foreign institutional investors (FIIs) were net sellers in the capital market on Tuesday as they offloaded shares worth Rs 108.24 crore, as per exchange data. PTI



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