LIVE Market Updates: Sensex Slumps Over 500 Points, Nifty Drops Below 10,900

LIVE Market Updates: Sensex Slumps Over 500 Points, Nifty Drops Below 10,900

LIVE market updates (Sensex, Nifty today): The Sensex fell as much as 240.28 points in morning deals

The S&P BSE Sensex and NSE Nifty 50 indexes extended losses and were headed lower for second straight day on fears that a surge in crude prices following attacks on Saudi oil facilities could hurt the economy further. The S&P BSE Sensex slumped as much as 521 points to touch an intraday low of 36,601 and the NSE Nifty 50 index fell below 10,900 levels. HDFC, Axis Bank, HDFC Bank, Reliance Industries, Larsen & Toubro and ICICI Bank were among the biggest drags on the Sensex. Selling pressure in today’s session was visible across the sectors as all the 11 sector gauges compiled by NSE were trading lower led by Nifty PSU Bank and Auto indexes’ over 2 per cent fall.