Mumbai: Equity benchmark Sensex tumbled over 450 points in early trade on Tuesday.
The 30-share BSE index was trading 362.69 points lower at 49,139.72 in initial deals.
Similarly, the broader NSE Nifty slumped 101.20 points to 14,841.15.
Kotak Bank was the top loser in the Sensex pack followed by HDFC, TCS, ICICI Bank, Bajaj Auto, Tech Mahindra, M&M and Maruti.
On the other hand, Sun Pharma, NTPC, ONGC, ITC, Reliance Industries and UltraTech Cement were among the gainers.