Sensex Tanks 306 Points; HDFC Twins Sink

Sensex Tanks 306 Points; HDFC Twins Sink
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– Extending losses for the third consecutive session, market benchmark BSE Sensex tumbled 306 points at close on Monday led by a carnage in shares of HDFC twins amid weak global cues

– Unabated foreign fund outflows and a depreciating rupee too weighed on investor sentiment here, traders said

– The 30-share index cracked 305.88 points or 0.80 per cent to settle at 38,031.13. It hit an intra-day low of 37,890.32 and a high of 38,333.52

– The broader NSE Nifty sank 82.10 points or 0.72 per cent to close at 11,337.15. During the day, the index hit a low of 11,301.25 and a high of 11,398.15

– HDFC and HDFC Bank were the biggest losers in the Sensex pack, plunging 5.09 per cent and 3.32 per cent, respectively

– On the currency front, the Indian rupee depreciated 17 paise to 68.97 against the US dollar (intra-day)

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