Key Takeaways
- The Sensex dropped over 2500 points, with a decline of 3%, due to weak global cues and US recession fears.
- Panic selling was seen across shares, with 46 shares in the red and only 4 shares bucking the trend.
- The Nifty 50 was down 750 points or 3.04%, with a decline of 1.53% at 24,339.70.
Mumbai: India’s benchmark indices plummeted over 3% at 11:30 hours due to panic selling across shares. Weak global cues and the BSE Sensex trading at 78,527 down 2,450 points, while the Nifty 50 was down 750 points or 3.04%.
Nifty and Sensex opened lower today extending losses for the second session in a row amid weak global cues and US recession fears.
The Sensex opened down 1.57 percent at 79,707.96 and Nifty was down 378.00 points or 1.53 percent at 24,339.70.
In the Nifty 50 46 shares were in the red and only four HUL, Nestle, Britani and Tata Consumers bucked the trend.
