Sensex plunges 327 points; banking stocks down

Mumbai, March 9 (IANS) A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), plunged 327.55 points or 1.11 percent as banking stocks plummeted on Monday.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading at 104.55 points or 1.17 percent down at 8,833.20 points.

The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 29,316.54 points, was trading at 29,121.40 points (at 9.18 a.m.) in the early session, down 327.55 points or 1.11 percent from the previous day’s close at 29,448.95 points.

The Sensex touched a high of 29,321.06 points and a low of 29,103.13 points in the trade so far.

Almost all the sectors were trading in red. Heavy selling pressure was seen in banking, IT, capital goods and auto sectors.

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