Sensex down 300 points; finance, auto stocks lead selloff

Mumbai, June 14 (IANS) The key Indian equity indices declined on Monday morning tracking mixed cues from the Asian market along with profit booking by traders after the indices scaled new highs last week.The across-the-board selloff was led by auto, finance and banking stocks.Around 9.45 a.m., Sensex was trading at 52,166.60, lower by 308.16 points or 0.59 per cent from its previous close of 52,474.76.It opened at 52,492.34 and touched a high of 52,542.66 and a low of 51,936.31 points.The Nifty50 on the National Stock Exchange was trading at 15,676.60, lower by 122.75 points or 0.78 per cent from its previous close.The major losers on the Sensex so far were State Bank of India, HDFC and NTPC, while the top gainers were Infosys, Tata Steel and Tata Consultancy Services.
--IANS rrb/sn/in