Sensex plunges 245 points on political uncertainty

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Mumbai: The BSE benchmark Sensex tumbled over 245 points in early session today amid uncertainty over government formation in Karnataka and sustained foreign fund outflows.

The BSE benchmark Sensex tumbled over 245 points in early session today amid uncertainty over government formation in Karnataka and sustained foreign fund outflows.

The 30-share index was trading lower by 245.23 points, or 0.69 per cent, at 35,298.71.

Yesterday, the gauge had soared more than 400 points intra-day after the BJP emerged as the single largest party in Karnataka.

Yesterday, the gauge had soared more than 400 points intra-day after the BJP emerged as the single largest party in Karnataka.

However, it gave up all gains to end modestly lower after the Congress unexpectedly stitched up a post-poll alliance with the JD(S) and staked claim to form the government.

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