Sensex tanks 416 points during afternoon session

 

Mumbai, Jan 4  A benchmark index of the Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), on Monday plunged 416.14 points, or 1.59 percent down during the afternoon session following weak Asian markets.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also plunged 132.30 points, or 1.66 percent and was trading at 7,830.90 points.

The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 26,116.52 points, was trading at 25,744.76 points (at 12.19 p.m.) in the afternoon session, down 416.14 points, or 1.59 percent from the previous day's close at 26,160.90 points.

The Sensex touched a high of 26,116.52 points and a low of 25,677.41 points in the trade so far.

Maximum selling pressure was seen in telecom, finance and industrials sectors.