Sensex tanks over 230 points, Nifty closes below 10,600

Sensex traded at a high of 34973.95 and a low of 34593.82 points.

Sensex tanks over 230 points, Nifty closes below 10,600

New Delhi: Sensex tanked over 230 points while the Nifty closed below 10,600 amid selling in healthcare, banking, auto and consumer durables.

The BSE Sensex slumped 232.17 points to end at 34,616.13. On the other hand the NSE Nifty fell 79.70 points to 10,516.70. Sensex traded at a high of 34973.95 and a low of 34593.82 points.

The fall was led by NTPC, Kotak Bank, Hindustan Unilever, Wipro, HDFC, Bajaj Auto, Tata Steel, Heromoto Corp, Tata Motors, Yes Bank, Dr Reddy and Sunpharma by falling upto 4.650 percent.

Investors were wary after BJP's B S Yeddyurappa resigned as the chief minister of Karnataka, paving the way for the JD(S)-Congress combine to form the government.

SBI was the top index gainer, spurting 2.47 percent, followed by TCS which advanced 1.59 percent.

Coal India, ICICI Bank, ONGC and Power Grid also finished with gains of up to 1.26 percent.

Among the sectoral indices, realty fell 3.11 percent, healthcare 2.55 percent, infrastructure 2.08 percent, consumer durables 2.07 percent, auto 1.92 percent, metal 1.59 percent, power 1.06 percent, FMCG 0.85 per, capital goods 0.79 percent and bankex 0.32 percent.

PSU, IT, oil and gas and teck ended in the green.

In line with the overall trend, the broader markets too remained under selling pressure. The BSE small-cap and mid-cap indices fell by 2.20 percent and 1.64 percent, respectively.

With PTI Inputs

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