Sensex tanks 700 pts, Nifty slides below 22,000 mark as Japan’s rate hike stokes inflation concerns

News Snapshot:

Benchmark Sensex tanked 736 points while Nifty fell below the 22,000 level on Tuesday following a sell-off in index majors TCS, Infosys and RIL and weak Asian trends as Japan’s central bank hiked rates for the first time in 17 years. The 30-share BSE Sensex tanked 736.37 points or 1.01 per cent to settle at more than a month’s low of 72,012.05. As many as 23 Sensex shares declined while seven advanced. The index declined by 815.07 points or 1.12 per cent to slide below 72,000 at 71,933.35 in day trade. The broader NSE Nifty slumped 238.25 points or 1.08...