Stock Market Opened Down

Sensex tanks 500 pts, Nifty sheds 160 pts on global weakness

ICICI Bank and Tata Motors were the biggest losers, down 3-4 percent followed by HDFC, ITC, Axis Bank, L&T and SBI whereas Infosys bucked the trend.
stock market down
Equity benchmarks made a mild recovery from opening lows due to short covering and buying on dips. The Sensex lost 391.76 points or 1.36 percent to 28405.49.

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The Nifty fell 127 points or 1.43 percent to 8739.70. More than five shares declined for every share advancing on the BSE.


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