TIL Desk/Business/Mumbai/ Domestic equities benchmark BSE Sensex plunged over 350 points Wednesday as investors turned jittery over political uncertainty in the US and fears of a global economic slowdown amid heavy selloff by foreign investors.
The 30-share index slumped 360.95 points, or 1.02 per cent, to 35,109.20 in early trade. It had fallen 271.92 points, or 0.76 per cent, to 35,470.15 in the previous session Monday. The NSE Nifty too shed 112.30 points, or 1.05 per cent, to 10,551.20.
The losses on Dalal Street were led by metal, realty, banking, IT, pharma and auto stocks. Top losers include Yes Bank, TCS, HUL, Kotak Bank, M&M, Sun Pharma, Tata Motors, Infosys, Bajaj Auto, Tata Steel, Reliance, ICICI Bank and SBI, falling up to 3 per cent.
HDFC was the only gainer on Sensex, trading marginally higher than its previous close. Financial markets were closed Tuesday on account of Christmas. According to experts, investors are jittery over the political unpredictability in the US.
