Domestic equity benchmark Sensex tumbled over 250 points in early trade on Wednesday tracking losses in index-heavyweights HDFC Bank, ICICI Bank and ITC amid intense selloff in global markets.<\/p>\n
The 30-share BSE index was trading 255.26 points or 0.67% lower at 38,110.09; while the NSE Nifty dropped 79 points or 0.70% to 11,238.35.<\/p>\n
ONGC was the top loser in the Sensex pack, shedding around 3%, followed by Tata Steel, SBI, NTPC, ITC and Bajaj Finserv. On the other hand, Reliance Industries, Asian Paints, Infosys and Tech Mahindra were among the gainers.<\/p>\n
In the previous session, Sensex ended 51.88 points or 0.14% lower at 38,365.35; while the NSE Nifty slipped 37.70 points or 0.33% to 11,317.35.<\/p>\n
Exchange data showed that foreign institutional investors sold equities worth \u20b91,056.52 crore on a net basis on Tuesday.<\/p>\n
Domestic equities opened on a negative note tracking weak cues from global equities after late-stage studies of AstraZeneca\u2019s COVID-19 <\/a>vaccine candidate were put on temporary hold, traders said.<\/p>\n The company is in the process of investigating whether a recipient\u2019s \u201cpotentially unexplained\u201d illness is a side effect of the shot<\/a>.<\/p>\n Bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading with intense losses in mid-session deals. Stock exchanges on Wall Street witnessed massive selloff in overnight sessions. Global oil benchmark Brent crude was trading 0.90% lower at $39.42 per barrel. <\/p>\n<\/div>\n