Sensex, Nifty Plunges Over 1 pc as IT, Financial Shares Drop

Mumbai: Benchmark stock indices Sensex and Nifty declined by more than 1 per cent in opening trade on Friday due to heavy selling in financials, IT and capital goods stocks amid weak global trends.

The 30-share BSE barometer plunged 730.17 points or 1.22 per cent to 59,076.11 as 25 of its constituents traded in the red. The index opened lower and fell to a low of 59,062.72 in early trade.

The broader Nifty of the National Stock Exchange tanked 201.05 points or 1.14 per cent to 17,388.55 in opening trade. As many as 45 of Nifty shares traded in the red with Adani Enterprises, HDFC twins and IndusInd Bank emerging as the biggest losers.

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