Sensex Tanks Over 700 Points, Nifty Below 25,600; Newgen Software Up 14%

• Indian equity benchmarks Sensex and Nifty slipped into the red on Thursday due to profit booking in financial and FMCG stocks.
• At 11:00 AM, BSE Sensex was down 281 points (0.34%) at 83,452, and Nifty 50 fell 83 points (0.32%) to 25,735.
• IndiGo, Trent, BEL, Mahindra & Mahindra, Power Grid, and Reliance Industries led the decline, falling up to 1.8%.
• Nifty IT rose 0.88% and Nifty Pharma gained 0.22%, while Nifty Realty, Private Bank, and FMCG declined.
• Global markets saw Asia-Pacific advance, Wall Street end higher, and oil prices extend gains amid geopolitical tensions.