Sensex drops over 200 pts in early trade; Nifty tests 14,450

April 15, 2021 10:59

Dr Reddy's was one of the gainers

Equity benchmark Sensex tumbled over 200 points in early trade on Thursday, tracking losses in index majors Infosys, ICICI Bank and M&M amid negative cues from domestic and global markets. After opening over 200 points higher, the 30-share BSE index reversed all its gains to trade 216.73 points or 0.45 per cent lower at 48,327.33.

Similarly, the broader NSE Nifty slipped 62.55 points or 0.43 per cent to 14,442.25. Infosys was the top loser in the Sensex pack, shedding over 3 per cent, followed by M&M, IndusInd Bank, Maruti, Bajaj Finance, UltraTech Cement and ICICI Bank.

On the other hand, ONGC, Sun Pharma, Dr Reddy's and Kotak Bank were among the gainers.

In the previous session on Tuesday, Sensex closed 660.68 points or 1.38 per cent higher at 48,544.06, and Nifty surged 194 points or 1.36 per cent to finish at 14,504.80.

Foreign institutional investors were net sellers in the capital market as they offloaded shares worth Rs 730.81 crore on Tuesday, according to provisional exchange data. Stock exchanges remained closed on Tuesday on account of Dr Baba Saheb Ambedkar Jayanti. -- PTI

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