Sensex drops over 100 points; Nifty slips below 14,100
Equity benchmark Sensex dropped over 100 points in opening trade on Tuesday, tracking losses in index majors Reliance Industries, ICICI Bank and Kotak Bank amid a weak trend in global equities. The 30-share BSE index was trading 112.74 points or 0.23 per cent lower at 48,064.06, and the broader NSE Nifty fell 38.25 points or 0.27 per cent to 14,094.65.
ONGC was the top laggard in the Sensex pack, shedding around 2 per cent, followed by M&M, NTPC, Bajaj Auto, Kotak Bank, ICICI Bank and Reliance Industries.
On the other hand, Axis Bank, HDFC, TCS and HUL were among the gainers.
In the previous session, Sensex ended 307.82 points or 0.64 per cent higher at 48,176.80, and Nifty jumped 114.40 points or 0.82 per cent to its fresh lifetime high of 14,132.90.
Foreign portfolio investors (FPIs) were net buyers in the capital market as they purchased shares worth Rs 1,843.22 crore on a net basis on Monday, according to provisional exchange data.
