Mumbai, December 11
Sensex plunged 400.06 points to close at 13,399.43 as foreign and domestic funds hammered down banking stocks in the wake of RBI decision to hike the cash reserve ratio by 0.5 per cent last weekend.
In the broader markets Nifty plunged by 112.50 points, or 2.84 per cent at 3,849.50.
The BSE Sensex tumbled by 537.76 points during intra-day trade before recovering. Nifty, too, fell to 3,798.30 before recovering.
Expectedly banking stocks took a beating with all big scrips like HDFC, ICICI, SBI taking a plunge.
