Stock markets slump in early trade after two-day rally

MUMBAI: (Mar 27) Benchmark indices Sensex and Nifty tumbled in early trade on Friday after a two-day rally, tracking a weak trend in global peers, as the US-Iran conflict continues to be a key overhang for the markets.

Crude oil prices staying above the USD 100 per barrel mark and unabated foreign fund outflows have also made investors risk-averse.

The 30-share BSE Sensex tanked 926.92 points to 74,346.53 in early trade. The 50-share NSE Nifty dropped 280.95 points to 23,025.50.