Sensex plunges 1,400 points; Nifty below 9,450

Sensex plunges 1,400 points; Nifty below 9,450

The benchmark S&P BSE Sensex dropped 1441.49 points or 4.28 per cent to touch 32,276.13 points after the opening bell on Monday and NSE Nifty 50 index fell by 409.45 points or 4.15 per cent to hit 9,450 points having posted gains of almost 1,000 points on Thursday.. The drop in stocks were led by auto and banking scrips in early trade with heavy weights like Reliance Industries Ltd dropping 7 per cent and Tata Steel by 8 per cent.. Indian shares recorded their best month in 11 years on Thursday, tracking gains in global markets on signs of progress in developing a Covid-19 treatment, while heavyweight Reliance Industries rose ahead of its earnings.. Since Indian markets were closed for May Day on Friday the SGX Nifty is reflecting that the Indian markets may fall by about 500 points at open.". India's largest listed company Reliance Industries declared results post-market Thursday which fell below analyst estimates.. His commentary may have unnerved the global markets as well, added Katakia.. India's main indexes clocked gains of around 14 per cent each for April - the most in a month since May 2009 - after sliding 23 per cent in March as the