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Sensex tumbles over 300 pts in volatile trade, Nifty holds 16,000; weakness continues in IT stocks


Benchmark indices wiped out early gains as volatility yet again ruled the markets, with the Sensex extending its decline to the third day running on Wednesday, falling over 300 points amid a sell-off in IT stocks. The 30-share BSE Sensex tanked 303.35 points or 0.56 per cent to settle at 53,749.26. During the day, the bechmark hit a low of 53,683.16 and a high of 54,379.59. The broader NSE Nifty declined 99.35 points or 0.62 per cent to end at 16,025.80.



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