Sensex tanks in early trade

July 16, 2013 10:15

The BSE benchmark Sensex today plunged over 368 points in early trade, snapping its three-session rising streak, pulled down by financial sector stocks, including ICICI Bank and HDFC, after the RBI raised lending rates for banks.

The 30-share barometer slipped below the 20,000 points level by tumbling 368.91 points, or 1.84 per cent, to 19,665.57 with all the sectoral indices led by banking and realty, trading in red with losses up to 4.83 per cent.

The index had gained over 741 points in the past three sessions.

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