Sensex tanks 872pts, Nifty gives up 17,500. Check out updates here

Investors chose to dump equities on Monday as global macro-economic concerns resurfaced.

The S&P BSE Sensex slumped nearly 900 points intra-day before closing at 58,774, down 872 points or 1.46 per cent. 

Tata Steel fell over 4 per cent, while Asian Paints, Wipro, L&T, Bajaj twins, Ultratech Cement, Kotak Bank, Axis Bank, Sun Pharma, Tech M, ICICI Bank, and SBI declined in the range of 2-3.8 per cent.

The Nifty50 settled below the crucial level of 17,500 at 17,491, down 268 points or 1.51 per cent.

The BSE MidCap index Changed to nearly 2 per cent, while the BSE SmallCap index ended 1.15 per cent lower.

The pan-European Stoxx 600 slipped 1.2 per cent by mid-morning

Nasdaq Futures led the losses with over 1 per cent cut. Earlier in Asia, Nikkei gave up 0.47 per cent, Kospi 1.2 per cent, and and Hang Seng 0.6 per cent. 

Hope you people found the story informative. For more such interesting stuff, click on the link given below