Monday Meldown : Sensex crashes over 1400 points, Nifty slips below 15,800
Mumbai : Indian indices opened gap-down on June 13 with Nifty below 15,700 dragged by weak global cues as data shows the US Inflation at 40-year high in May at 8.6 percent.
At 9.50 am, the BSE Sensex was down by 1460.74 points or 2.69% at 52842.70 points. The NSE Nifty also slipped by 420.35 points or 2.55% to 15787.95 points.
At 09:16 IST, the BSE Sensex was down 1,311.76 points or 2.42% at 52991.68, and the NSE Nifty was down 373.20 points or 2.30% at 15828.60. About 491 shares have advanced, 1670 shares declined, and 117 shares are unchanged.
Cipla, Sun Pharma, SBI Life Insurance and Power Grid Corporation were among major gainers on the Nifty, while losers were Kotak Mahindra Bank, HDFC, L&T, Hindalco Industries and Infosys.
Among the Asian stocks, Nikkei was down by 774.61 points to 27,049.68 points and Hang Seng index slipped by 599.85 points to 21,206.33 points.