Sensex tanks 677 points; metal stocks plunge

Mumbai, Sep 1  A benchmark index of Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), on Tuesday tanked a further 677.26 points or 2.58 percent during the afternoon session.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 209.35 points or 2.63 percent down at 7761.95 points.

The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 26,127.04 points, was trading at 25,605.83 points (at 02.35 p.m.) in the afternoon session, down 677.26 points or 2.58 percent from the previous day's close at 26,283.09 points.

The Sensex touched a high of 26,141.07 points and a low of 25,579.88 points in the trade so far.

Almost all the sectors were trading in red. Heavy selling pressure was seen in metal, banking, realty and consumer durables sectors.