TIL Desk/Business/Mumbai/ Equity benchmark Sensex tumbled over 300 points in early trade on Tuesday, tracking losses in HDFC twins, ICICI Bank and HCL Tech amid intense selloff in global markets. The 30-share BSE index was trading 334.19 points lower at 52,219.29 in initial deals at press time, while the broader NSE Nifty fell 113.75 points to 15,638.65.
HCL Tech was the top loser in the Sensex pack, shedding over 2 per cent, followed by HDFC Bank, Bharti Airtel, M&M, IndusInd Bank, ICICI Bank and Axis Bank. On the other hand, UltraTech Cement, Asian Paints, PowerGrid and Nestle India were among the gainers.
In the previous session, Sensex tumbled 586.66 points or 1.10 per cent to close at 52,553.40, and Nifty slumped 171 points or 1.07 per cent to 15,752.40. Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 2,198.71 crore on Monday, as per provisional exchange data.
