Sensex plunges 89 pts in early trade

The Sensex plunged by over 89 points in early trade on heavy profit selling by funds, mainly in cement stocks.

The Bombay Stock Exchange benchmark Sensex plunged by over 89 points in early trade on Tuesday on heavy profit selling by funds, mainly in cement stocks.

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The 30-share index dropped by 89.45 points at 14,119.79 in the first few minutes of trading as most of the cement heavyweight stocks like Gujarat Ambuja and ACC lost substantial grounds.

Similarly, the wide-based National Stock Exchange index Nifty fell by 23.40 points at 4,079.05.