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Sensex tanks over 1,200 points to go below 58,000-mark

The Sensex had opened in the red at 59,023.97 points and tumbled to a low of 58,250.89 points in the early trade on Monday morning.

Sensex tanks over 1,200 points to go below 58,000-mark
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The Sensex on Monday tanked by more than 1,200 points, hours after opening into red, slipping below the 58,000-mark. It is currently trading at 57,797. The equities markets has witnessed heavy selling pressure for the fifth consecutive session.

The Sensex had opened in the red at 59,023.97 points and tumbled to a low of 58,250.89 points in the early trade on Monday morning.

The Sensex had last 2,271 points last week.

Meanwhile, the broader Nifty 50 of the National Stock Exchange slumped to 17,383.55 points, which is 233.60 points or 1.33 per cent lower from its previous session's close at 17,617.15 points.

There was broad-based selling pressure. Only six of the 30 scrips that are part of the Sensex were trading in the positive. Among these are ICICI Bank, Bharti Airtel and Reliance Industries.

Bajaj Finance tumbled 4.33 per cent to Rs. 7052.55. Tech Mahindra slumped 4.17 per cent to Rs. 1527.75. Wipro dipped 3.90 per cent to Rs.581.60.

Tata Steel 3.46 per cent down at Rs. 1128.65; Titan 3.37 per cent down at Rs. 2443.60; Asian Paints 3.16 per cent down at Rs. 3169.50; Bajaj Finserv 2.96 per cent down at Rs.15849.85; HCL Technologies 2.25 per cent down at Rs. 1141.55 and Infosys 2.06 per cent down at Rs. 1749.30 were among the major Sensex losers.

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