Markets plunge for fifth day on unabated foreign fund outflows

AS US TARIFFS FAN TRADE WAR FEARS

- OUR CORRESPONDENT

MUMBAI: Benchmark Sensex plunged by 1,018 points to settle a two-week low while Nifty cracked below 23,100 on Tuesday due to across-the-board selling, unabated foreign fund outflows and fresh US tariffs reigniting trade war fears.

Declining for the fifth day running, the 30-share BSE Sensex tanked 1,018.20 points or 1.32 per cent to settle at 76,293.60. During the day, it tumbled 1,281.21 points or 1.65 per cent to 76,030.59.

The NSE Nifty cracked 309.80 points or 1.32 per cent to 23,071.80 with 44 of its constituents closing lower and six with gains.