Sensex, Nifty tumble nearly 1 pc on unabated foreign fund outflows

MUMBAI: Equity benchmark indices Sensex and Nifty tumbled nearly 1 per cent on Thursday due to heavy selling in market heavyweights HDFC Bank, TCS and Reliance as investors turned nervous over earnings growth concerns amid unabated foreign capital outflows.

Besides, abysmally low Chinese inflation data, an indication of poor demand, and a sell-off in US bonds added to the pressure, traders said.

TCS is kick-starting the December quarter results calendar on Thursday-PTI