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.
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.
Free Equity Market Tips with accuracy on mobile call at +91-7415033556
The Nifty fell 127 points or 1.43 percent to 8739.70. More than five shares declined for every share advancing on the BSE.