Sensex drops over 200 points in early trade

January 18, 2021 10:11

Equity benchmark Sensex dropped over 200 points in early trade on Monday tracking losses in index majors Infosys, HDFC and TCS amid a mixed trend in global markets.

In a highly volatile opening session, the 30-share BSE index was trading 203.52 points or 0.42 per cent lower at 48,831.15. Similarly, the broader NSE Nifty fell 70.60 points or 0.49 per cent to 14,363.10. IndusInd Bank was the top loser in the Sensex pack, shedding around 3 per cent, followed by PowerGrid, Maruti, Bajaj Finance, Bajaj Finserv and ONGC. On the other hand, HDFC Bank, HCL Tech, SBI, Tech Mahindra and ICICI Bank were among the gainers.

In the previous session, Sensex slumped 549.49 points or 1.11 per cent to finish at 49,034.67. The broader NSE Nifty tumbled 161.90 points or 1.11 per cent to 14,433.70. Foreign portfolio investors (FPIs) were net buyers in the capital market as they purchased shares worth Rs 971.06 crore on Friday, as per exchange data. -- PTI

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