Sensex plunges over 550 points in opening trade; Nifty below 11,000 – Times of India

NEW DELHI: Domestic equity opened in red on Thursday with the benchmark BSE sensex plunging over 550 points, dragged by auto, banking and financial stocks.
The 30-share BSE index fell 573 points or 1.52 per cent to trade at 37,095; while the broader NSE Nifty opened 174 points or 1.57 per cent lower at 10,957.
M&M, Bajaj Finance, IndusInd Bank, Maruti, Axis Bank, SBI and Tata Steel were the top losers in the sensex pack falling as much as 2.93 per cent. All stocks, except Power Gride, were trading in red.
On NSE, all sub-indices were trading lower with Nifty Media, Auto, Metal and PSU Bank falling up to 2.71 per cent.
In the previous session, benchmark indices finished in losses for the fifth straight session as sentiment remained risk-averse despite supportive cues from global markets. The 30-share BSE sensex closed 65.66 points or 0.17 per cent lower at 37,668.42. Similarly, the NSE Nifty shed 21.80 points or 0.20 per cent to close at 11,131.85.