The BSE Sensex plunged over 300 points in late morning deals after across the board sell-off led by oil & gas, banks, auto, capital goods sectors, tracking weak global cues.
The domestic market mirrored global peers triggered by jitters over the US presidential election latest poll showed Donald Trump taking lead against the market favourite Hillary Clinton. Besides, a caution ahead of US Federal Reserve rate decision today also added to a sluggish sentiment.
The Sensex was trading at 27,573.27 at 1100 hours, falling 303.34 points, or 1.09 per cent, from its last close.
The 50-share Nifty dipped well below the key 8,600-level at 8,525.20, tanking 101.05 points, or 1.17 per cent, at 1100 hours.
Major losers were GAIL 2.57 per cent, ONGC 2.56 per cent, SBIN 2.48 per cent, Tata Motors 2.34 per cent, Tata Steel 2.06 per cent and ICICI Bank 1.76 per cent.
Foreign portfolio investors (FPIs) sold shares worth a net Rs 123.96 crore yesterday, as per provisional data.
Overseas, Asian markets were trading lower after US markets closed lower yesterday as investors grappled with a tightening presidential race, economic data, corporate earnings and the Federal Reserve's monetary policy decision.
Disclaimer: No Business Standard Journalist was involved in creation of this content
