Stock Market: Sensex drops over 300 points, Nifty below 26,200
Mumbai: The BSE Sensex declined 76.28 points to close at 85,063.34. Intraday, it dropped 539.52 points to 84,900.10. The NSE Nifty went down 71.60 points to settle at 26,178.70. The benchmark indices declined as investors resorted to selling in blue-chips including Reliance Industries, HDFC Bank, and worries over fresh warning from the US to further raise tariffs against India.
Surprisingly, Trent declined down 8.62 per cent even as the Tata group retail company reported a 17 per cent growth in standalone revenue to Rs 5,220 crore in the December quarter.
Other Major laggards from the Sensex pack: Kotak Mahindra Bank, InterGlobe Aviation, HDFC Bank, Reliance Industries, and ITC. Gainers included, Hindustan Unilever, State Bank of India,........
