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Stock market | Sensex down more than 480 points in early trade, Nifty at 17,800

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Mumbai The Sensex, the main stock index, fell more than 480 points to below 60,000 in early trade on Wednesday amid weak global signals and declines in banking and financial stocks. Meanwhile, the 30-share Sensex was trading at 59,694.64, down 481.86 points in early trade. Similarly, the broader NSE Nifty fell 138.25 points to 17,819.15.

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HDFC Bank, HDFC, Kotak Mahindra Bank, Wipro, M&M, Axis Bank were among the major losers in the Sensex. NTPC, Tata Steel, Larsen & Toubro and Ultratech Cement, on the other hand, were trading in the green. The Sensex closed 435.24 points, or 0.72 per cent, lower at 60,176.50 on Tuesday. Similarly, the Nifty on the National Stock Exchange fell 96 points, or 0.53 per cent, to close at 17,957.40.

Meanwhile, international oil standard Brent crude rose 0.22 percent to $ 106.75 a barrel. Foreign institutional investors (FIIs) on Tuesday raised Rs. 374.89 crore shares were purchased, according to data available from stock exchanges. (Agency)

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