Sensex plunges 400 pts in choppy trade

Sensex plunges 400 pts in choppy trade

Mumbai: The Bombay Stock Exchange benchmark indices dipped nearly 430 points at 2:30pm on Wednesday on major sell-off by foreign funds in heavy-weight stocks led by Reliance Industries.

The 30-share index tumbled by 429.88 points, or 4.37% at 9,409.81 after touching a high of 9,928.60. All the sectoral indices were trading in negative zone with falls between 1.64 per cent and 6.98%.

The wide-based National Stock Exchange’s index Nifty also crashed by 125.65 points, of 4.28%, at 2,813.00.

Share of the country’s most valueable private entity - Reliance Industries - dropped by Rs57, or 4.72 %, at Rs1,150 and Infosys Technologies by Rs9.70, or 0.77%, at Rs1,245.90. Both have nearly one-fifth weight on the Sensex.