Mumbai: Domestic equity benchmark BSE Sensex dropped below the 37,000 level, plunging over 400 points, in early trade on Tuesday tracking heavy selling in financial and auto stocks amid weak domestic and global cues.
The 30-share index was trading 403.87 points, or 1.08 per cent, lower at 36,928.92 at 0930 hours, while the broader Nifty sank 124.85 points, or 1.13 per cent, to 10,898.40 in early trade. In the previous session on Friday, the BSE barometer ended 263.86 points, or 0.71 per cent, higher at 37,332.79, while the Nifty rose 74.95 points, or 0.68 per cent, to close at 11,023.25.
On Friday, foreign portfolio investors bought shares worth a net of Rs 1,162.95 crore, while domestic institutional investors purchased shares worth Rs 1,502.27 crore, provisional data showed.
The rupee, meanwhile, depreciated 65 paise against its previous close to trade at 72.07 in early session. (PTI)
