Sensex plunges by 170 points in early trade

Continuing its four session declining streak, the benchmark index, Sensex, fell by nearly 170 points in early trade.

Continuing its four session declining streak, the benchmark index, Sensex, fell by nearly 170 points in early trade on Wednesday on the Bombay Stock Exchange on sustained selling by foreign funds and retail investors, triggered by weak global markets.

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The 30-share sensitive index (Sensex), which had lost nearly 450 points in the last four sessions, slid down by another 169.07 points at 13,397.26 points in the first 15 minutes of trading.

Similarly, the National Stock Exchange index Nifty fell by 58.35 points at 3,853.05.

Stock brokers said reports of weakening trends at overseas stock markets dampened the trading sentiments here, triggering selling pressure.

Most of index-related stocks were in the red with sizeable losses on selling pressure, dragging the Sensex down.