Sensex tumbles 500 pts, breaches 52k; Nifty near 15,500

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The Indian benchmark indices extended their losses and were trading over one per cent down in Friday’s late morning deals amid across-the-board sell-off.

The S&P BSE Sensex fell 550 points, or 1 per cent,  to 51,770 levels. Meanwhile, the broader Nifty50 index hovered near the 15,450-mark. ONGC fell 3 per cent and was the top Sensex laggard, followed by the State Bank of India (down 2%). PowerGrid, Axis Bank, and Maruti Suzuki were the other top losers.

All the Nifty sectoral indices were painted red, with Nifty Metal and Nifty PSU Bank indexes, down 4.5 per cent, each, bleeding the most.

In the broader markets, the S&P BSE MidCap and SmallCap indices fell over 1.5 per cent, each.

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