The Sen Times

Stock markets tumble in early trade amid escalating tensions in West Asia, higher oil prices

Mumbai, Sep 9 (PTI) Market benchmark indices Sensex and Nifty tumbled in early trade on Wednesday as escalating tensions in West Asia pushed crude oil to near USD 100-per-barrel mark. Selling in IT stocks and fresh foreign fund outflows also dented investors sentiment. The 30-share BSE Sensex tanked 500.25 points to 75,060.61 in early trade. The 50-share NSE Nifty declined 129.40 points to 23,506.10. Among the 30 Sensex firms, HCL Tech, Tech Mahindra, Infosys, Tata Consultancy Services and Hindustan Unilever were the major laggards. NTPC, Larsen & Toubro, Power Grid and Adani Ports were among the winners. Brent crude is