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Markets tumble. Nifty back to 4800

Markets have tumbled again, taking the Nifty and Sensex, close to the year low points. Stocks across sectors have seen major declines.

At 12:24 PM, the Nifty is struggling at 4837, down by 106 pts or -2.2%.

Metals, Banking and IT stocks have been the worst hit.

The Bank Nifty is down by more than 3.2%. SBI has lost over 3%. ICICI Bank is down by 4%. HDFC Bank is down by 2.9%. PNB is down by 2.4%.

Stocks from the metal sector, have also been facing the brunt. Tata steel is down by 4.4%. SAIL is down by 3.2%. Jindal steel is down by 5.5%.

Guj NRE Coke has seen a decline of 4.8%. Sesagoa is down by 2.6%.

IT stocks have also tumbled upon. The CNX IT index is down by 1.9%. Wipro has been the major loser with 4.8% losses. Infy is down by 2%.



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