Sensex down 300 points; Nifty retest 7700 levels
The S&P BSE Sensex plunged over 300 points in trade
on Tuesday following Asian markets, which were trading lower on renewed worries
about global economic growth. The fall in the index was led by losses in ICICI Bank, HDFC Bank, HDFC, Axis bank, Infosys and Reliance Industries Ltd.
The 50-share Nifty index was also trading around its
crucial psychological level of 7700, weighed down by losses in Pharma, auto,
banks, and metal stocks.
Markets @ 9:25
The 30-share index traded at 25,344, down 272 points or 1.06
per cent. It touched a high of 25,496.38 and a low of 25,307.94 in morning
trade.
The Nifty was at 7,710, down 85 points or 1.1 per cent. It touched a high of 7,725.70 and a low of 7,700.90 in the first 30 minutes of trade.
The Nifty was at 7,710, down 85 points or 1.1 per cent. It touched a high of 7,725.70 and a low of 7,700.90 in the first 30 minutes of trade.
MarketMagnify Opening Bell
NIFTY FUTURE DOWN 104.05@7720.00
BANKNIFTY FUTURE DOWN 288.40@16948.90
SENSEX DOWN 120.46@25496.38
INR 66.35
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