Sensex tanks over 450 pts in early trade; Nifty slips below 14,800

May 11, 2021 10:27

Equity benchmark Sensex tumbled over 450 points in early trade on Tuesday, tracking losses in index-heavyweights HDFC twins, ICICI Bank and Kotak Bank amid negative cues from global markets.

The 30-share BSE index was trading 470.10 points or 0.95 per cent lower at 49,032.31 in initial deals. Similarly, the broader NSE Nifty slumped 145.80 points or 0.98 per cent to 14,796.55. Kotak Bank was the top loser in the Sensex pack, shedding over 2 per cent, followed by HDFC, TCS, ICICI Bank, Bajaj Auto, Tech Mahindra, M&M and Maruti.

On the other hand, Sun Pharma, NTPC, ONGC, ITC, Reliance Industries and UltraTech Cement were among the gainers. In the previous session, Sensex ended 295.94 points or 0.60 per cent higher at 49,502.41, and Nifty jumped 119.20 points or 0.80 per cent to 14,942.35. Foreign institutional investors (FIIs) were net buyers in the capital market as they purchased shares worth Rs 583.69 crore on Monday, according to provisional exchange data.

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