Sensex crashes 1,950 points in early trade, Nifty slips below 23,200 amid boiling crude oil prices

Stock market benchmark indices Sensex and Nifty tumbled in early trade on Thursday after a three-day rally following a sharp jump in crude oil prices and weak global trends. Moreover, unabated foreign fund outflows also dented market sentiments, analysts said. The 30-share BSE Sensex tanked 1,953.21 points, or 2.54 per cent, to 74,750.92 in opening trade. The 50-share NSE Nifty dropped 580.05 points, or 2.43 per cent, to 23,197.75. From the 30-Sensex firms, HDFC Bank declined over 3 per cent as in a sudden move, Atanu Chakraborty resigned as chairman of the country’s second biggest lender, citing ethical concerns. Larsen…