Sensex tumbles over 300 points; Nifty dips below 7,750-mark

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The benchmark BSE Sensex fell by over 300 points in afternoon trade Wednesday due to profit-booking by investors after recent gains.

The 30-share barometer plunged by by 317.04 points or 1.23 percent to 25,547.43. The index had risen 253.94 points in the last two days.

Also, the NSE Nifty was trading lower by 90.75 points or 1.16 percent at 7,746.80.

The fall in Sensex was triggered by Hindalco, which weakened the most by 4.33 percent, followed by Infosys 3.58 percent, Tata Steel 2.96 percent, Sesa Goa 2.44 percent and SBI 2.22 percent.

Brokers said that apart from profit-booking in recent gainers and lower openings in European markets, absence of any positive cues mainly dragged the indices down.

The Dow Jones Industrial Average ended 0.04 percent higher in yesterday’s trade.

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