Sensex tanks over 400 pts in early trade; Nifty drops below 14,800

Equity benchmark Sensex tumbled over 400 points in early trade on Monday, dragged by losses in index majors HDFC twins, ICICI Bank and Reliance Industries despite a positive trend in global markets. The 30-share BSE index was trading 434.90 points or 0.87 percent lower at 49,594.93, and the broader NSE Nifty dropped 109.35 points or 0.74 percent to 14,758.

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