Sensex plunges over 300 points, Nifty crumbles to under 8,100-mark on Brexit fears

The BSE benchmark Sensex plunged over 300 points and the NSE Nifty dipped below the crucial 8,100-mark in early trade Thursday due to profit-booking by investors amid concerns about Britain's upcoming vote on whether to exit the European Union.

Last Updated: Jun 16, 2016, 11:40 AM IST
Sensex plunges over 300 points, Nifty crumbles to under 8,100-mark on Brexit fears

Zee Media Bureau

New Delhi: The BSE benchmark Sensex plunged over 300 points and the NSE Nifty dipped below the crucial 8,100-mark in early trade Thursday due to profit-booking by investors amid concerns about Britain's upcoming vote on whether to exit the European Union.

The 30-share barometer last quoted down by 289.12 points or 1.08 percent  at 26,437.22 after moving in range of 26,686.03-26,402.67 with sectoral indices banking, teck, auto, IT, capital goods and metal, leading the fall.

The index had gained 330.63 points in the last session.

The NSE Nifty was also trading lower by 92.45 points, or 1.13 percent, at 8,114.15.

Brokers said apart from profit-booking in yesterday's gainers, weak trend in other Asian bourses as US Federal Reserve Chair Janet Yellen highlighted concerns about Britain's upcoming vote on whether to exit the European Union, mainly dampened the sentiment.

 

The Federal Reserve has left interest rates on hold.

In the Asian region, Japan's Nikkei shed 1.10 percent, while China's Shanghai Composite Index fell 0.27 percent in early trade today. Hong Kong's Hang Seng was down 1.89 percent.

The Dow Jones Industrial Average ended 0.20 percent lower in yesterday's trade.

With PTI Inputs