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Sensex falls by 460 points. Markets sell off.

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Markets are witnessing huge sell off in the early trade as the BSE Sensex has seen a massive 460 points downfall while the NSE Nifty is down by 146 points.

Monday morning has seen panic selling in many of the counters on the bourses. Stocks of Banking and financial institutions have been hit the most while some of the top names from IT have also seen panic selling.

IDFC is topping the losers list on the index with the stock losing 3.7%. PSU Banking major SBI has lost 3%. ICICI Bank and HDFC Bank have also seen selling resulting in 2.7% losses. Kotak Bank is down by 2%. Axis Bank has lost 1.9%. Indus Ind Bank is down by 2.6%.

IT leader HCL Technologies is down by 2.8%. Tech Mahindra and Wipro are down by 1.7%.

Metal leader Hindalco has further lost 3%. Tata Motors is down by 2.9%. NMDC, Tata Steel, Bank of Baroda have all lost nearly 2.5%. Sun Pharma has come down to 848 levels again losing 2.4%.

The Nifty Midcap index is down by 74 points at 3174. The Nifty Junior index has however lost 323 points at 19491.



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