Sensex tanks over 800 points in early trade; Nifty sinks below 17,300

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Mumbai, November 26

Equity benchmark Sensex plummeted over 800 points in early trade on Friday, on heavy across-the-board selling amid a negative trend in global markets and unabated foreign fund outflows.

The 30-share index was trading 810.29 points or 1.38 per cent lower at 57,984.80. Similarly, the Nifty plunged 245.15 points or 1.40 per cent to 17,291.10.

Maruti was the top loser in the Sensex pack, shedding nearly 3 per cent, followed by Bajaj Finserv, Kotak Bank, HDFC, Bajaj Finance and Tata Steel.

On the other hand, Dr Reddy's and Sun Pharma were the gainers.

In the previous session, Sensex ended 454.10 points or 0.78 per cent higher at 58,795.09, and Nifty surged 121.20 points or 0.70 per cent to close at 17,536.25.

Foreign institutional investors were net sellers in the capital market, as they offloaded shares worth Rs 2,300.65 crore on Thursday, as per exchange data.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo fell up to 2.68 per cent in mid-session deals.

Stock exchanges in the US ended largely positive in the overnight session.

Meanwhile, international oil benchmark Brent crude fell 2.02 per cent to USD 80.56 per barrel. PTI

The Tribune