Sensex drops over 250 points in early trade; Nifty tests 13,450

Equity benchmark Sensex dropped over 250 points in early trade on Thursday tracking losses in index-heavyweight HDFC twins, Reliance Industries and Infosys amid a weak trend in global markets
Sensex drops over 250 points in early trade; Nifty tests 13,450
Representational ImageImage from Stock Market

MUMBAI (PTI):

Equity benchmark Sensex dropped over 250 points in early trade on Thursday tracking losses in index-heavyweight HDFC twins, Reliance Industries and Infosys amid a weak trend in global markets.

According to traders, profit-booking emerged at higher levels, dragging benchmark indices lower.

The 30-share BSE index was trading 254.72 points or 0.55 per cent lower at 45,848.78.

Similarly, the broader NSE Nifty fell 79.60 points or 0.59 per cent to 13,449.50.

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UltraTech Cement was the top loser in the Sensex pack, shedding around 2 per cent, followed by Tata Steel, ONGC, IndusInd Bank, HDFC Bank, M&M, Infosys and Reliance Industries.

On the other hand, Maruti, Nestle India, Titan and PowerGrid were among the gainers.

Elsewhere in Asia, bourses in Hong Kong, Seoul and Tokyo were trading in the red in mid-session deals, while Shanghai was in the positive territory.

Meanwhile, the global oil benchmark Brent crude futures were trading 0.53 per cent higher at USD 49.12 per barrel. (PTI)

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