Mumbai: Market benchmark Sensex plunged nearly 400 points in opening session on Wednesday tracking losses in index-heavyweights RIL, HDFC twins and ICICI Bank amid heavy foreign fund outflow and weak global cues.
After starting over 393.03 points lower, the 30-share index pared some losses to trade 201.94 points, or 0.50 per cent, down at 40,079.26. Similarly, the NSE Nifty dropped 58.10 points, or 0.49 per cent, at 11,739.80.
In the previous session, the Sensex settled 82.03 points, or 0.20 per cent, lower at 40,281.20, and the Nifty declined 31.50 points or 0.27 per cent to end at 11,797.90.
Brent crude oil futures rose 0.50 per cent to USD 54.53 per barrel.
The rupee appreciated 6 paise to 71.78 against the US dollar in morning session.(PTI)
