Sensex plunges 219 points; auto stocks tank

Mumbai, Dec 11 (IANS) A benchmark index of Indian equities markets on Thursday plunged 218.70 points or 0.79 percent, as auto stocks tanked.

All the sectors were trading in red and heavy selling pressure was seen in auto, capital goods and banking sectors.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 27,796.34 points, was trading at 27,612.40 points (at 9.32 a.m.) in the early session, down 218.70 points or 0.79 percent from the previous day’s close at 27,831.10 points.

The Sensex touched a high of 27,796.34 points and a low of 27,610.67 points in the trade so far.

The S&P auto index tanked by 244.48 points, capital goods index fell by 234.88 points and bankex went down by 207.85 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 72.15 points or 0.86 percent down at 8,283.50 points.