Bourses Sink 1% Amid Selloff in Oil & Gas Stocks on Rising Tensions in Middle East

The market capitalization of BSE-listed companies dropped by Rs 5,98,759.27 crore to Rs 4,49,58,383.92 crore ($5.26 trillion)

- OUR CORRESPONDENT

MUMBAI: Benchmark Sensex tanked 823 points on Thursday following a selloff in oil & gas, power and capital goods shares in tandem with weak global market trends amid growing tensions in the Middle East.

The 30-share BSE Sensex dropped 823.16 points or 1 per cent to settle at 81,691.98 with 27 of its constituents declining and three ending higher.

During the day, it plunged 991.98 points or 1.20 per cent to 81,523.16.

Snapping its six-day winning streak, the broader NSE Nifty tumbled 253.20 points or 1.01 per cent to 24,888.20.

Fresh foreign fund outflows also dented investors' sentiment, traders said.

Among Sensex stocks, Tata Motors, Titan, Eternal, Power Grid, Tata Steel, Larsen & Toubro, Mahindra & Mahindra and Hindustan Unilever were among the biggest laggards.

Bajaj Finserv, Asian Paints and Tech Mahindra were the gainers.