Sensex dips 200 pts, Nifty below 22K; Steel stocks drag

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Equity benchmark indices extended losses to Thursday’s opening trade with the BSE Sensex falling 200 points to 72,541 and the NSE Nifty slipping 49 points to 21,948.

Bajaj Finance, Tata Steel, JSW Steel, IndusInd Bank, Bajaj Auto and Titan were the top larecap losers.

On the flip side, Coal India, Hindalco, Reliance and BPCL were among the top frontline gainers.

Weakness persisted in the broader markets. The BSE MidCap and SmallCap indices dipped up to 0.6 per cent.

Among stocks, Som Distilleries rallied 7 per cent as its board will consider a stock split plan on April 2.

Nifty Realty and Bank indices led sectoral losses, down over 1 per cent each. Oil & Gas pocket held the highest gain of over 1 per cent.

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