After opening on a positive note, domestic equity benchmark indices, Sensex and Nifty, plunged 1.5 per cent on Tuesday due to decline in banking and finance stocks, profit booking and selling by foreign institutional investors (FIIs). While HDFC Bank shares plummeted further, Zee Entertainment plunged by 33 per cent following the Sony move to call off merger plans.
The BSE’s 30-share Sensex lost 1,053 points, or 1.47 per cent, to close at 70,370.55. The NSE’s Nifty tanked 333 points, or 1.54 per cent, to finish at 21,238.80 on Tuesday.
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