Sensex Plunges Over 350 Points, Nifty Sinks Below 10,650 As Markets Hit 6-Month Low

Sensex Plunges Over 350 Points, Nifty Sinks Below 10,650 As Markets Hit 6-Month Low

Losses in financial stocks pulled the markets lower, however strength in IT shares provided some support

Extending their losing streak for a fourth day running, domestic stock markets started Friday’s session on a negative note amid a selloff across most sectors and lacklustre trade in Asian peers. The S&P BSE Sensex plunged as much as 370.58 points to 36,102.35 in early trade, a level last seen on March 5. The broader NSE Nifty benchmark slid 104.2 points to 10,637.15 – the lowest intraday level recorded since February 19. Sharp losses in financial stocks pulled the markets lower, however strength in information technology shares provided some support.