Mumbai: Equity benchmark BSE Sensex sank over 300 points in early session on Wednesday, dragged by losses in banking, IT and auto stocks amid negative global cues and foreign fund outflow.
The 30-share index was trading 303.70 points, or 0.78 per cent, lower at 38,793.44 at 0930 hours, while the broader Nifty fell 92.70 points, or 0.80 per cent, to 11,495.50. In the previous session on Tuesday, the BSE barometer ended with a meagre gain of 7.11 points, or 0.02 per cent, at 39,097.14, while the Nifty settled 12 points, or 0.10 per cent, lower at 11,588.20.
On the currency front, the rupee, meanwhile, depreciated 7 paise against its previous close to 71.08 in early session. Global oil benchmark Brent crude fell 0.71 per cent to 62.65 per barrel (intra-day).
On Tuesday, foreign portfolio investors sold shares worth a net of Rs 828.49 crore, while domestic institutional investors bought equities worth Rs 472.81 crore, provisional data showed. (PTI)
