Mumbai: The BSE benchmark Sensex on Thursday tanked over 423 points to dip below 19,000 level in the morning trade on all-round selling, triggered by a weakening trend overseas on concerns that inflows to emerging markets may hit after US Fed taper off its stimulus programme later this year.    

The 30-share index slipped below 19,000 points by plunging 423.05 points, or 2.19 percent, to 18,822.65, with all sectoral indices trading in negative territory with fall up to 3.03 percent. The gauge had gained 22.42 points in the previous session.
Similarly, the wide-based National Stock Exchange index Nifty slipped below 5,700 points mark by falling 122.40 points, or 2.10 percent, to 5,699.85.
Brokers said sentiments turned bearish largely in line with weak trend in the Asian region following overnight sharp falls at the US market after Federal Reserve Chairman Ben Bernanke said it could start tapering off its massive stimulus programme later this year, triggering major sell-off by funds.
In the Asian region, Hong Kong's Hang Seng index was down 1.52 percent, while Japan's Nikkei Index shed 1.08 percent in the morning trade on Thursday.
The US Dow Jones Industrial Average ended 1.35 percent lower in Wednesday's trade.


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