Sensex drops over 200 pts in early trade; Nifty slips below 18,400

Mumbai | Wednesday | 20th October, 2021

Summary:

Mumbai, Oct 20 (PTI) Equity benchmark Sensex tumbled over 200 points in opening trade on Wednesday, tracking losses in index majors TCS, Bajaj Finance and Axis Bank as market participants booked profits at higher levels.

The 30-share index was trading 209.46 points or 0.34 per cent lower at 61,506.59 in initial deals.

Similarly, the Nifty dropped 85.45 points or 0.46 per cent to 18,333.30.

Bajaj Finance was the top loser in the Sensex pack, shedding around 2 per cent, followed by IndusInd Bank, Bajaj Finserv, Bajaj Auto, Tata Steel and Axis Bank.

On the other hand, Nestle India, HUL, Bharti Airtel, Asian Paints and HCL Tech were among the gainers.

In the previous session, the 30-share index settled 49.54 points or 0.08 per cent lower at 61,716.05, and Nifty shed 58.30 points or 0.32 per cent to close at 18,418.75.