Sensex tanks nearly 593 pts hit by foreign fund outflows

Equity markets fell sharply on Thursday, with the Sensex tumbling 592.67 points and the Nifty declining to 25,877.85 level, as fresh foreign fund outflows and uncertainty on the future course of rate action by the US Federal Reserve dampened investors sentiment.

- OUR CORRESPONDENT

The 30-share BSE Sensex tanked 592.67 points or 0.70 per cent to settle at 84,404.46.

During the day, it dropped 684.48 points or 0.80 per cent to 84,312.65. A total of 2,291 stocks declined while 1,876 advanced and 155 remained unchanged on the BSE.

The 50-share NSE Nifty tumbled 176.05 points or 0.68 per cent to 25,877.85.

From the Sensex firms, Bharti Airtel, Power Grid, Tech Mahindra, Infosys, Bajaj Finance and Reliance Industries were among the major laggards.