Sensex tanks nearly 400 points in early trade; Nifty near 11,700

Market benchmark Sensex plunged nearly 400 points in the opening session on Wednesday tracking losses in index-heavyweights RIL, HDFC twins and ICICI Bank amid heavy foreign fund outflow and weak global cues. After starting over 393.03 points lower, the 30-share index pared some losses to trade 201.94 points, or 0.50 per cent, down at 40,079.26. Similarly, the NSE Nifty dropped 58.10 points, or 0.49 per cent, at 11,739.80.

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