The Indian markets began the trading week on a negative note as benchmark indices slumped in the early market session. As of 9:26 AM, the BSE Sensex tanked close to 600 points and traded at 74,722.79, while the NSE Nifty50 plunged more than 150 points to fall under the 22,650 mark at 22,623.10.
On the 30-share Sensex platform, M&M, Sun Pharma, Maruti, and ITC, emerged as the only exceptions in green. On the other hand, HCL Tech, Zomato, Tech Mahindra, TCS, and HDFC Bank dominated in red among the laggards.
In the broader markets, the indices traded lower. The Nifty Microcap 250 index drove the losses and fell 2 per cent in the morning market hours. Sectorally, the Midsmall & IT Telecom index dominated in red and crashed close to 3 per cent in the session so far.
As markets progressed, the indices continued to slump further. As of 9:47 AM, the Sensex plunged close to 700 points and fell further to 74,620, while the Nifty crashed more than 200 points to inch closer to the 22,500 mark at 22,582.
