Sensex plunges 552 pts, Nifty below 24,200; Axis Bank, M&M lead losers – BusinessToday

Domestic benchmark indices Sensex and Nifty opened gap-down on Friday, tracking weak cues from global markets as crude oil prices surged amid fresh escalation in Middle East tensions and growing uncertainty over the fragile US-Iran ceasefire. At 9:18 am, the BSE Sensex declined 382.50 points, or 0.49%, to 77,462.02, after falling as much as 552 points in early trade, while the NSE Nifty slipped 128.10 points, or 0.53%, to 24,198.55, briefly touching a low of 24,158.15. Among Sensex constituents, Axis Bank slumped 1.38% to Rs 1274.50. Mahindra & Mahindra (M&M) dropped 1.38%, while HDFC Bank, Eternal, and Kotak Mahindra Bank…