Stock markets tumble in early trade on boiling crude oil prices, weak global trends

MUMBAI: (Mar 19) Stock market benchmark indices Sensex and Nifty tumbled in early trade on Thursday after a three-day rally following a sharp jump in crude oil prices and weak global trends.

Moreover, unabated foreign fund outflows also dented market sentiments, analysts said.

The 30-share BSE Sensex tanked 1,953.21 points, or 2.54 per cent, to 74,750.92 in opening trade. The 50-share NSE Nifty dropped 580.05 points, or 2.43 per cent, to 23,197.75.