Sensex snaps 2-day winning run, drops 396 pts, Nifty slips below 18K; RIL, private lenders drag

Benchmark stock indices Sensex and Nifty tumbled on Tuesday due to heavy selling in Reliance Industries, ICICI Bank and SBI amid a mixed trend in global markets. The 30-share index declined by 396.34 points or 0.65 per cent to close at 60,322.37 after a volatile trade. The index hit a high of 60,802.79 points and a low of 60,199.56 in day trade. The 50-issue Nifty tumbled 110.25 points or 0.61 per cent to end below the 18,000 level at 17,999.20 as 37 of its stocks declined.