MUMBAI: The Bombay Stock Exchange benchmark Sensex tumbled over 346 points to dip below the 20K level in early trade on Wednesday on heavy selling by investors, who moped up funds to invest in the mega issue of Reliance Power.
The BSE-30 index, which had lost over 477 points in previous day trade, fell further by 346.52 points to 19,904.57 in the first five minutes.
Similarly, the wide-based National Stock Exchange benchmark Nifty dipped by 118.15 points to 5,956.10.
Marketman said major players were taking out money from secondary market to invest in the current mega issue by Reliance Power which was subscribed over ten times on the first day of trade.
They said trading sentiment also dampened following a fall in global stock markets.
The BSE-30 index, which had lost over 477 points in previous day trade, fell further by 346.52 points to 19,904.57 in the first five minutes.
Similarly, the wide-based National Stock Exchange benchmark Nifty dipped by 118.15 points to 5,956.10.
Marketman said major players were taking out money from secondary market to invest in the current mega issue by Reliance Power which was subscribed over ten times on the first day of trade.
They said trading sentiment also dampened following a fall in global stock markets.
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