Business

Sensex drops over 300 pts in early trade; Nifty tests 9,400 level

Sensex drops over 300 pts in early trade; Nifty tests 9,400 level

TIL Desk/Business/Mumbai/ Equity benchmark Sensex tumbled over 300 points in early trade on Friday dragged by losses in HDFC Bank, Infosys, TCS and Reliance Industries amid weak cues from global markets.

After touching a low of 31,823.80 in opening session, the 30-share index was trading 312.34 points or 0.97 per cent down at 31,888.25. Similarly, NSE Nifty fell 95.75 points or 1.01 per cent to 9,394.35.

Axis Bank was the top laggard in the Sensex pack, rising around 3 per cent, followed by IndusInd Bank, Bajaj Finance, Tata Steel, Infosys, HDFC twins and ICICI Bank.

On the other hand, Bajaj Auto, ITC, Sun Pharma, Asian Paints and L&T were among the gainers. In the previous session, the BSE barometer rallied 595.37 points or 1.88 per cent to finish at 32,200.59, and the broader Nifty climbed 175.15 points or 1.88 per cent to 9,490.10.

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