Markets tumble on broad-based selloff & foreign fund outflows

The mcap of BSE-listed cos eroded by Rs 5,27,767.57 crore to Rs 4,25,38,908.01 crore ($5.o4 trillion )

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Equity benchmark indices Sensex and Nifty tumbled on Thursday amid broad-based selloff. Besides, unabated foreign fund outflows and weak trends in Asian and European peers also dragged benchmark indices lower.

The BSE benchmark Sensex tanked 422.59 points or O.54 per cent to settle at 77,155.79. During the day, it lost 775.65 points or O.99 per cent to 76,802.73.

As many as 2,736 stocks declined, while 1,237 advanced and 92 remained unchanged on the BSE. The NSE Nifty slumped 168.60 points or 0.72 per cent to 23,349.90.

The market capitalisation of BSE-listed firms eroded by Rs 5,27,767.57 crore to Rs 4,25,38,908.01 crore ($5.04 trillion).