Sensex slumps by 92 points; IT, tech stocks tank

Mumbai, May 7 (IANS) A benchmark index of Indian equities markets was trading down 92.24 points or 0.41 percent Wednesday as IT and technology, media and entertainment stocks tanked.

Good buying was observed in capital goods, banking and oil and gas sectors, while selling pressure was seen in IT sector.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 22,488.96 points, was trading at 22,416.18 points in the pre-noon session, down 92.24 points or 0.41 percent from the previous day's close at 22,508.42 points.

The Sensex touched a high of 22,532.82 points and a low of 22,408.44 points in trade.

The S&P BSE consumer durables index gained 100.29 points and healthcare index went up by 71.49 points, while IT index slipped by 163.99 points and TECK index went down by 78.76 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading down by 27.65 points or 0.41 percent at 6,687.65 points.