Sensex tanks over 350 pts on US-Iran conflict; Nifty below 12K
Equity benchmark BSE Sensex slumped over 350 points in opening session on Wednesday as tensions in the middle-east escalated after Iran fired missiles at US military bases in Iraq. After hitting a low of 40,476.55, the 30-share BSE index pared some losses to trade 193.98 points or 0.47 per cent lower at 40,675.49. Similarly, the broader NSE Nifty dropped 59.60 points or 0.49 per cent to 11,993.35. L&T Bank was the loser in the Sensex pack, shedding up to 1.47 per cent, followed by Kotak Bank, HDFC Bank, SBI, Axis…
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